Express

Tiger Global's Hedge Fund Loses $17 Billion in Tech Selloff

Amy Liu

Summary: According to the Financial Times, Tiger Global's hedge fund has reportedly lost $17 billion during this year's major tech selloff, one of history’s biggest dollar declines for a hedge fund. Citing estimates from LCH Investments, the FT reported that in just four months, around two-thirds of the gains the hedge fund has seen since its ...

According to the Financial Times, Tiger Global's hedge fund has reportedly lost $17 billion during this year's major tech selloff, one of history’s biggest dollar declines for a hedge fund.

Citing estimates from LCH Investments, the FT reported that in just four months, around two-thirds of the gains the hedge fund has seen since its 2001 launch have been wiped out.

Tiger Global, which runs a private equity business alongside its hedge fund, currently manages around $80 billion of assets, according to data from Bloomberg.

By Amy Liu

Last Update:

Tags: ,
Link: Tiger Global's Hedge Fund Loses $17 Billion in Tech Selloff   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 2 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 9 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 11 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 13 days ago

    • You need to login to comment.