BY GREGORY ZUCKERMAN
For many hedge-fund investors, 2011 has been a slog.
But for some, the year has been a thrill, thanks to big wagers on amusement parks, television networks and other media and entertainment plays.
Chris Cooper-Hohn's Children's Investment Fund Management, Chase Coleman's Tiger Global Management LLC and Rehan Jaffer's H Partners Management LLC have scored gains of between 15% and 22% in key funds so far this year, according to investors. That compares with gains of about 1% for the average hedge fund and returns of about 5% for the stock market.
Though investors increasingly are looking at the world through ...