The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its inception. Tiger Global estimated losses are about $17 billion this year. Tiger Global lost $1.5 billion last year.
According to the report, the losses are higher than some of the $4-trillion hedge fund industry's most recent losses, including Bridgewater's $12.1 billion loss in 2020 amid the coronavirus pandemic, and Melvin Capital's $7 billion loss during the GameStop retail trading frenzy at the start of 2021.
However, investors who put money into the fund at launch have made more than 20 times their initial investment. Tiger Global was founded by Chase Coleman, one of the Tiger cubs who worked at Julian Robertson’s Tiger Management.
Tiger Global’s top investments at the end of last year were JD.com, Microsoft, Sea Ltd, Nu Holdings and Snowflake. All of those stocks have dropped at least 21%, with the Singapore tech company Sea skidding 71% in 2022.
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