Tiger Global Hit by $17 Billion Losses in Tech Rout: FT

By Reuters
Reuters
Reuters
May 11, 2022 Updated: May 11, 2022

New York-based Tiger Global has been hit by losses of around $17 billion during this year’s technology stock selloff, marking one of the biggest dollar declines for a hedge fund in history, the Financial times reported.

The firm, one of the world’s biggest hedge funds, has erased around two-thirds of its gains in four months, the newspaper said, citing calculations by LCH Investments.

Market-leading technology and growth stocks have suffered this year as investors worry that rising interest rates will dent their future earnings.

Tiger Global did not respond to a Reuters request for comment outside business hours.

By Shivani Tanna

Reuters