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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

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