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RANKED: Wall Street CEO Golf Scores

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Frank Quattrone

It's that time of the year again when Wall Street starts leaving the trading floor for the golf course. 

We combed through the latest handicap data of some of the Street's biggest names on GHIN—a website run by the U.S. Golf Association— to see how they stack up against each other on the fairway.

Some of these golfers are very, very talented, while others could use a bit more practice. Take Goldman Sachs CEO Lloyd Blankfein for instance. He seems to find shooting low scores a difficult endeavor.

Keep in mind, the higher the handicap number, the worse the player is in comparison to others with lower handicaps.

Also, JPMorgan's CEO Jamie Dimon doesn't golf. His two predecessors at JPMorgan were members of the prestigious Augusta National Golf Club though. 

Lloyd Blankfein (Handicap: 23.4)

Firm/Title: Goldman Sachs, CEO 

Where He's Played: Blind Brook Club, East Hampton Golf Club, Sebonack Golf Club and Manhattan Woods Golf Club

Last Golf Outing: August 2013



James Gorman (Handicap: 21.6)

Firm/Title: Morgan Stanley, CEO

Where He's Played: Millbrook Golf & Tennis Club, Blind Brook Club and Winged Foot Golf Club.

Last Golf Outing: May 2014

Source: GHIN



David Tepper (Handicap: 18.5)

Firm/Title: Appaloosa Management/founder

Where He's Played: Crestmont Country Club

Last Golf Outing: May 2014

Source: GHIN



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Chase Coleman's Tiger Global Picked Up A Stake In Netflix, Dumped Kate Spade

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Chase Coleman

Chase Coleman's Tiger Global Management sold off its entire stakes in Kate Spade and Soda Stream and picked up a new stake in Netflix.

The fund also upped its stakes in Zillow and 3D Systems, according to a government filing.

Coleman was named 2011's most profitable hedge fund amid volatile markets and economic turmoil, according to Bloomberg Markets Magazine.

He is a protege of legendary hedge fund manager Julian Robertson.

 

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RANKED: How Wall Street's biggest players stack up against each other on the golf course

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Frank Quattrone

It's bound to warm up soon and that means Wall Street will start leaving the trading floor for the golf course in the afternoons. 

For right now, though, we expect they'll start switching the channel on the trading floor TVs to the Masters. 

To commemorate the big golfing event, Business Insider combed through the latest handicap data for some of the Street's biggest names on GHIN—a website run by the U.S. Golf Association— to see how they stack up against each other on the fairway.

Some of these golfers are very, very talented, while others could use a bit more practice. Take Goldman Sachs CEO Lloyd Blankfein for instance. He seems to find shooting low scores a difficult endeavor.

Keep in mind, the higher the handicap number, the worse the player is in comparison to others with lower handicaps.

Also, JPMorgan's CEO Jamie Dimon doesn't golf. His two predecessors at JPMorgan were members of the prestigious Augusta National Golf Club though. 

Lloyd Blankfein (Handicap: 23.4)

Firm/Title: Goldman Sachs, CEO 

Where He's Played: Blind Brook Club, East Hampton Golf Club, Sebonack Golf Club and Manhattan Woods Golf Club

Last Golf Outing: August 2013

Source: GHIN



David Tepper (Handicap: 18.7)

Firm/Title: Appaloosa Management/founder

Where He's Played: Crestmont Country Club

Last Golf Outing: September 2014

Source: GHIN



Julian Robertson (Handicap: 18.4)

Firm/Title: Tiger Management/ founder, CEO

Where He's Played: Deepdale Golf Club, Piping Rock Club, National Golf Links of America, Sebonack Golf Club and Shinnecock Hills.

Last Golf Outing: August 2014

Source: GHIN



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Tiger Global just made a $1 billion plus bet on Netflix

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Chase ColemanTiger Global, the tech-oriented hedge fund run by Chase Coleman, took a huge stake in Netflix during the second quarter.

Tiger Global owned 2,571,039 shares shares of Netflix at the end of the period, according to the fund's 13F filing.

That compares to a stake of 155,877 sharesat the end of the first quarter.

The additional shares had a value of around $1.6 billion, based on the quarter-end share price of $656.94.

Netflix announced on June 23 that it was splitting its stock seven ways. As a result, one share of Netflix became seven on July 15.

Assuming the fund retains its stake, the fund now has 17,997,273 shares. Those have a value of $2.2 billion.

Tiger Global is now the largest hedge fund holder of Netflix shares, according to Bloomberg data.

Hedge funds only have to disclose their long equity holdings every quarter in these filings. What's more, the filings aren't published until 45 days after the end of the quarter, so it's possible funds could have traded in and out of positions.

Here's how the Netflix share price performed in the second quarter, adjusted for the stock split:

nflx

And here's how the stock has performed since the start of second quarter:

nflx

And year-to-date:

nflx

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Tiger Global made a $1 billion bet on Amazon and it's paying off big time

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Chase ColemanTiger Global's public equity business, run by Scott Shleifer, added a boat load of Amazon shares during the third quarter.

Tiger Global bought 2.44 million shares of Amazon, bringing its stake to more than 3.19 million shares, according to the fund's 13F filing.

The share price low for the quarter was $437.39, meaning the new shares must have cost at least $1.1 billion. 

On September 30, the last day of the third quarter, Amazon's shares were trading at $511.89, valuing Tiger Global's stake at $1.63 billion.

So far, Tiger Global's bet has paid off.

The stock closed at $647.81 per share on Monday, valuing the position at $2.1 billion.

Amazon is Tiger Global's second largest stock position. In the second quarter, Tiger Global took a massive stake in Netflix. The fund still held that position in the third quarter.

Hedge funds only have to disclose their long equity holdings every quarter in these filings. What's more, the filings aren't published until 45 days after the end of the quarter, so it's possible funds could have traded in and out of positions.

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Tiger Global just raised $2.5 billion for a new VC fund

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Tiger

Tiger Global Management just raised $2.5 billion for a new venture capital fund, according to a filing.

This is Tiger Global's tenth venture capital fund, and it will be called Tiger Global Private Investment Partners X, L.P. 

Lee Fixel, the head of Tiger Global's private equity and venture capital investing, will oversee the fund.

Tiger Global's founder Chase Coleman wrote in a letter earlier this year that Fixel has spearheaded many of the fund's "most important and successful investments."

Fixel, who joined the fund in 2006, has led investments in privately-held companies, including Facebook, Linkedin, Warby Parker, Eventbrite, Makemytrip, Flipkart, Netshoes, Square, MercadoLibre, Trendyol, Jobs.ch and CatchoftheDay.

Tiger Global declined to comment. 

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Tiger Global has made a $1 billion bet on Apple (AAPL)

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tigerTiger Global's public-equity business, run by Scott Shleifer, initiated a new position in Apple during the fourth quarter, according to the fund's latest 13F filing.

During Q4, Tiger Global, an investment fund, bought 10.6 million shares of the tech giant's stock, a position valued at more than $1.1 billion on December 31, 2015.

Apple is now the fund's fourth-largest equity holding. Apple's stock has fallen about 8% this year.

The fund's other billion-dollar-plus bets include Amazon (3.19 million shares), Netflix (17.9 million), and JD.com (59.6 million), the filing shows.

All three of those tech stocks have fallen about 22% each this year.

Hedge funds have to disclose only their long-equity holdings every quarter in these filings. What's more, the filings aren't published until 45 days after the end of the quarter, so it's possible that funds could have traded in and out of positions.

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Tiger Global's hedge fund has suffered paper losses of more than $1 billion this year

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Tiger cubs

Tiger Global Management's hedge fund has fallen 22% and suffered paper losses of more than $1 billion in the first quarter.

Tiger Global Investments is the firm's $6 billion long/short equity fund led by Scott Shleifer and Chase Coleman.

Dow Jones first reported the news.

The fund has made $1 billion-plus bets in tech giants Amazon, Netflix, JD.com, and Apple, regulatory filings show.

In the first quarter, Amazon's share price fell more than 12%. Netflix dropped more than 10.6%, while JD.com has fallen more than 17.8%. Meanwhile, Apple was up just over 3.5% in the first quarter.

The fund did well in 2015, ending up 6.8% while many others in the space suffered losses.

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RANKED: Here's how Wall Street's biggest players stack up against each other on the golf course

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Trip Kuehne

It's going to warm up (eventually) and that means Wall Street will start leaving the trading floor for the golf course in the afternoons.

For right now, though, we expect they'll start switching the channel on trading-floor TVs to the Masters.

To commemorate the prestigious tournament, we combed through the past year's handicap data for some of the Street's biggest names on GHIN — a website run by the US Golf Association— to see how they stack up against each other on the course.

Some of these golfers are talented, while others could use a bit more practice.

Keep in mind, the higher the handicap number, the worse the player is.

Julian Robertson (Handicap: 19.4)

Firm/Title: Tiger Management, founder/CEO

Where He's Played: Deepdale Golf Club, Piping Rock Club, National Golf Links of America, Sebonack Golf Club and Shinnecock Hills.

Last Golf Outing: September 2015

 



Kenneth Langone (Handicap: 19.2)

Firm/Title: Invemed Associates

Where He's Played: Deepdale Golf Club, Sands Point Golf Club, Jupiter Hills Golf Club, and Wade Hampton Golf Club. 

Last Golf Outing: March 2016

 



David Tepper (Handicap: 18.9)

Firm/Title: Appaloosa Management, founder

Where He's Played: Crestmont Country Club and Lagorce Country Club

Last Golf Outing: August 2015



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An iconic hedge fund just switched up its C-suite

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Tiger in 4K

An iconic investment firm just switched up its head of compliance.

Tiger Global Management, which manages about $24 billion across mostly venture capital and hedge funds, has promoted Greg Seidell to its chief compliance officer post, effective June 6.

Seidell previously held a more junior compliance role at Tiger, which was backed by hedge fund icon Julian Robertson.

Seidell replaces Neil Schwartz, who worked at the firm since 2011, according to a LinkedIn profile.

Tiger announced the change in a regulatory filing, which was tracked by platform AltX.

Schwartz is no longer working at Tiger, and his plans could not immediately be confirmed. Schwartz did not respond to a request for comment, and a spokesperson for Tiger declined to comment.

Tiger Global's hedge fund has had a rough time of it this year, plunging 22% in the first quarter, losing at least $1 billion, the Wall Street Journal reported in April. Other senior employees left last year, including Feroz Dewan, who looked after the hedge fund business "on a day-to-day basis," the Journal reported.

Billionaire Chase Coleman founded Tiger in 2001 to focus on tech investments after he worked for hedge fund icon Julian Robertson. 

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Billionaire Chase Coleman's Tiger Global made a nearly $500 million bet on Fiat (FCAU)

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Chase ColemanBillionaire Chase Coleman's Tiger Global made a big bet on Fiat Chrysler last quarter.

The $20 billion investment firm took a new position in Fiat valued at $481 million in the final three months of the year, according to Bloomberg's analysis of a regulatory filing on February 14. It was the fund's biggest new position in the quarter. 

The quarterly filing, called a 13F, lists the long stock positions of investment firms. The positions are current as of 45 days prior, so it is possible that Tiger Global has since changed its positions. 

According to the 13F, Tiger made the following moves during the fourth quarter:

  • It increased its stake in Priceline by 36%, holding a $1.84 billion stake at the end of the quarter
  • It increased its stake in JD.com by 37%, holding a stake worth $1.16 billion
  • It took a new position in Fiat valued at $481 million
  • It took a new position in Alphabet valued at $147.5 million
  • It took a new position in Microsoft valued at $131.6 million

Tiger Global Management invests in private and public markets and manages about $20 billion firmwide. The firm managed $5.9 billion in hedge fund assets as of mid-year 2016, according to the Hedge Fund Intelligence Billion Dollar Club ranking. 

SEE ALSO: Some of the smartest minds on Wall Street are sounding the alarm on the Trump bump

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Longtime Investor Tiger Global Dumps Its Entire Facebook Stake ... And A Bunch Of Apple

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Chase Coleman

Chase Coleman's Tiger Global Management has dumped its entire stake in Facebook during the fourth quarter, according to a 13F filing with the SEC

Tiger Global owned 11,749,221 shares at the end of Q3, the filing shows.

In addition, Tiger Global completely axed its stakes in LinkedIn and Google, the filing shows.

The hedge fund also significantly pared back its Apple stake.  The hedge fund owned 1,050,000 shares at the end of Q3, the filing shows.  At the end of Q3, the fund owned 1.3 million shares and 1.2 million calls of the tech giant's stock, according to the 13F for that quarter.

For the fourth quarter ended 12/31/2012, the hedge fund disclosed 65,000,000 shares of Groupon compared to the 1,300,000 stake at the end of Q3.

The fund also added a brand new position in Zillow.  The fund owned 510,000 shares at the end of the quarter, the filing shows.

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The Fabulous Life Of 'Tiger Cub' Chase Coleman—The World's Youngest Billionaire Hedge Funder

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Baby Tiger

Charles Payson Coleman III, who goes by "Chase," was born into so-called "old money" and he's made himself quite a bit of new money as well.

The 37 year-old "Tiger Cub" runs Tiger Global hedge fund along with Feroz Dewan. 

According to ForbesColeman has an estimated net-worth of $1.4 billion. He ranks 1,031 out of the world's billionaires. 

Coleman, who lives in a swanky Manhattan apartment and is married to a wealthy and attractive blonde, definitely lives a fabulous life. 

Coleman grew up in one of America's wealthiest zip codes.

Coleman was raised in Glen Head, an affluent area on New York's Long Island.

Source: Bloomberg Markets Magazine



His father is a corporate attorney and his mother is an interior designer.

Coleman’s father is a partner at corporate law firm Pillsbury Winthrop Shaw Pittman LLP in New York. His mother owns an interior design business.

Source: Bloomberg Markets Magazine 



Fun Fact: Coleman is a descendant of Peter Stuyvesant, the last Dutch governor of New York.

You might remember from history class, that Stuyvesant is the man who built the wall that Wall Street is named after.

Source: Bloomberg Markets Magazine



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RANKED: The Best Golfers On Wall Street

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Trip Kuehne

Spring and then summer will be here before we know it and that means Wall Streeters will start heading out to the golf course after work and on the weekends.  

So that got us thinking.

Which bankers and hedge fund managers are the best on the fairway?  

We combed through the latest handicap data of some of the Street's biggest names compiled by GHIN, a website run by the U.S. Golf Association.

We've included a full rundown of Wall Street golfers in the slides that follow.  We also threw in some of the more infamous names who are no longer on the Street.  

Some of these golfers are very, very talented, while others could use a bit more practice. Take Goldman Sachs CEO Lloyd Blankfein for instance. He seems to find shooting low scores a difficult endeavor.

Keep in mind, the higher the handicap number, the worse the player is in comparison to others with lower handicaps.

Also, JPMorgan's CEO Jamie Dimon doesn't golf. His two predecessors at JPMorgan were members of the prestigious Augusta National Golf Club though. 

If you know of anyone who should be on the list that we omitted, please email us at jlaroche@businessinsider.com.

Anthony Scaramucci (Handicap Index: 28.4)

Firm/Title: Skybridge Capital, founder

Where He's Played: Hudson National Golf Club and Plandome Country Club

Last Golf Outing: October 2003 

He's a good sport about it though. When asked for comment, he said, "Really? Who knew? I thought the highest score is what mattered."

Source: GHIN



Lloyd Blankfein (Handicap Index: 23.8)

Firm/Title: Goldman Sachs, CEO 

Where He's Played: Blind Brook Club, East Hampton Golf Club, Sebonack Golf Club and Manhattan Woods Golf Club

Last Golf Outing: July 2012

Source: GHIN



James Gorman (Handicap Index: 20.0)

Firm/Title: Morgan Stanley, CEO

Where He's Played: Millbrook Golf & Tennis Club, Blind Brook Club and Winged Foot Golf Club.

Last Golf Outing: August 2012

Source: GHIN



See the rest of the story at Business Insider

Tiger Global Dumped 790,000 Shares Of Apple In The First Quarter

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rotten apple

Tiger Global, the tech-oriented hedge fund run by Chase Coleman and Feroz Dewan, has just filed its latest 13F with the Securities and Exchange Commission.  

During the first quarter ended March 31st, Tiger Global massively pared back its stake in Apple. 

According to the filing, the fund held 260,000 shares of the tech giant's stock compared with 1,050,000 in the previous quarter

Tiger Global disclosed a new position in Google (300,000 PUT). 

The fund closed its positions in Pandora and Yahoo!, the filing shows.  

Just a reminder, hedge funds only have to disclose their long holdings in these filings. 

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Tiger Global Invests $50 Million In Blogging Platform WordPress.com

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Matt Mullenweg

Tiger Global has invested $50 million in web developer company Automattic, the parent company of WordPress.com. 

From Automattic's president/founder Matt Mullenweg:

Anyway, wanted to get in front of the news that will inevitably come out in the next week or two (hi Kara!): there has been a large secondary transaction in Automattic stock, about $50M worth. “Secondary” means that it’s existing stockholders, like the earliest investors or employees, selling stock to another investor versus money going into the company (“primary”). It was led by Lee Fixel at Tiger Global, one of the behind-the-scenes quiet geniuses that has previously invested in SurveyMonkey, Facebook, LinkedIn, Palantir, Square, Warby Parker… Automattic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly — we’re not capital constrained. The minority of stockholders that elected to participate are holding on to the vast majority of their shares. We’re building an independent company that’s going to be a growing part of the fabric of the web for many years to come, so allowing early investors to lock in some returns releases any short-term pressure there might be on the company for a liquidity event and allows us to focus fully on the long road ahead.

This news comes the same week that Yahoo! announced it's buying Tumblr for $1.1 billion.

Also, WordPress is celebrating its 10th birthday next week.  

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RANKED: How The Biggest Names On Wall Street Stack Up On The Golf Course

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Trip Kuehne

In honor of the U.S. Open golf tournament going on this weekend, we decided show how the biggest name bankers and hedge fund managers stack up against each other the fairway.   

We know Wall Street trading floors have probably been changing the channel from financial television to watch the action on the course for the past few days. 

For our ranking, we combed through the latest handicap data of some of the Street's biggest names compiled by GHIN, a website run by the U.S. Golf Association.

We've included a full rundown of Wall Street golfers in the slides that follow.  We also threw in some of the more infamous names who are no longer on the Street.  

Some of these golfers are very, very talented, while others could use a bit more practice. Take Goldman Sachs CEO Lloyd Blankfein for instance. He seems to find shooting low-scores a difficult endeavor.

Keep in mind, the higher the handicap number, the worse the player is in comparison to others with lower handicaps.

Also, JPMorgan's CEO Jamie Dimon doesn't golf. His two predecessors at JPMorgan were members of the prestigious Augusta National Golf Club though. 

Anthony Scaramucci (Handicap Index: 28.4)

Firm/Title: Skybridge Capital, founder

Where He's Played: Hudson National Golf Club and Plandome Country Club

Last Golf Outing: October 2003 

He's a good sport about it though. When asked for comment, he said, "Really? Who knew? I thought the highest score is what mattered."

Source: GHIN



Glenn Hutchins (Handicap Index: 26.4)

Firm/Title: Silver Lake Partners, co-founder

Where He's Played: The Golf Club of Purchase

Last Golf Outing: September 2007

Source: GHIN



Steve Eisman (Handicap Index: 24.6)

Firm/Title: Emrys Partners, founder (He's the fund manager from Michael Lewis' book "The Big Short")

Where He's Golfed: Tam O'Shanter Golf Club

Last Golf Outing: April 2013

Source: GHIN



See the rest of the story at Business Insider

Tiger Global Sold All Of Its Apple And Google Shares In Q2

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sumatra tiger

Tiger Global, the tech-oriented hedge fund run by Chase Coleman and Feroz Dewan, has published its 13F quarterly filing with the SEC. 

During the second quarter ended June 30, the hedge fund sold all of its Apple shares.  Tiger Global held 260,000 shares of the tech giant's stock in the first quarter. 

Tiger Global also exited its Google stake.  They held 300,000 shares in Q1. 

They also significantly pared back their stake in Groupon during the second quarter. As of June 30, the fund held 18,000,000 shares of Groupon compared with 65,000,000 in the first quarter, the filing shows. 

Fund managers only have to disclose their long equity holdings in 13Fs.



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Tiger Global Bought A Ton Of Yahoo And Dumped News Corp Last Quarter

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Chase Coleman

Tiger Global, the tech-oriented hedge fund run by Chase Coleman and Feroz Dewan, has filed its 13F with the Securities and Exchange Commission. 

During the quarter ended September 30, Tiger Global disclosed a new position in Yahoo!.  The hedge fund held 8,000,000 shares in Q3, the filing shows. 

Tiger Global also revealed a new position in Twenty First Century Fox.  The fund held 15,925,000 shares in Twenty First Century Fox during Q3, according to the 13F. 

The hedge fund added to its Netflix position during the quarter, too. The fund held 440,000 shares in Q3 versus 315,000 in Q2. 

Tiger Global closed its positions in Qualcomm and News Corp during the third quarter. 

As a reminder, hedge funds only have to disclose their long holdings in these filings. 

Join the conversation about this story »

RANKED: Wall Street CEO Golf Scores

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Frank Quattrone

It's that time of the year again when Wall Street starts leaving the trading floor for the golf course. 

We combed through the latest handicap data of some of the Street's biggest names on GHIN—a website run by the U.S. Golf Association— to see how they stack up against each other on the fairway.

Some of these golfers are very, very talented, while others could use a bit more practice. Take Goldman Sachs CEO Lloyd Blankfein for instance. He seems to find shooting low scores a difficult endeavor.

Keep in mind, the higher the handicap number, the worse the player is in comparison to others with lower handicaps.

Also, JPMorgan's CEO Jamie Dimon doesn't golf. His two predecessors at JPMorgan were members of the prestigious Augusta National Golf Club though. 

Lloyd Blankfein (Handicap: 23.4)

Firm/Title: Goldman Sachs, CEO 

Where He's Played: Blind Brook Club, East Hampton Golf Club, Sebonack Golf Club and Manhattan Woods Golf Club

Last Golf Outing: August 2013



James Gorman (Handicap: 21.6)

Firm/Title: Morgan Stanley, CEO

Where He's Played: Millbrook Golf & Tennis Club, Blind Brook Club and Winged Foot Golf Club.

Last Golf Outing: May 2014

Source: GHIN



David Tepper (Handicap: 18.5)

Firm/Title: Appaloosa Management/founder

Where He's Played: Crestmont Country Club

Last Golf Outing: May 2014

Source: GHIN



See the rest of the story at Business Insider
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