Investing
Tiger Global’s Hedge Fund Sinks 34% This Year as Key Stocks Fall
- Investments in some private companies also marked down
- Firm said in letter it’s “reassessing and refining our models”
Chase Coleman
Photographer: Amanda L. Gordon/BloombergThis article is for subscribers only.
Things have gone from bad to worse at Tiger Global Management’s flagship hedge fund.
The vehicle fell nearly 34% in the first quarter, due to poor-performing stocks and markdowns of private holdings, according to an investor letter seen by Bloomberg.