© Reuters. Tiger Global Management’s Fund Said Halved This Year – Report
Tiger Global Management, the hedge fund that has leveraged itself highly to pre-IPO private companies and other high-flying stocks, has seen losses for the year stack up to 51.8%, Bloomberg News reported Thursday morning after seeing an investor letter.
Even as the stock market stabilized in May, Tiger Global’s main fund still saw a 14.2% drop in the month. The was relatively flat for the month.
At the end of March, Chase Coleman’s fund held positions in publicly traded stocks like Amazon (NASDAQ:), Carvana (NYSE:), Datadog (NASDAQ:), Meta (NASDAQ:), and Snowflake (NYSE:), among others, which all saw their values decline sharply over the last several months.
Tiger Global declined to comment on the report.
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