Aug 4, 2022
Tiger Global’s Slight July Gain Leaves Fund Down 49.8% This Year
Bloomberg News
,(Bloomberg) -- Tiger Global Management’s hedge fund made just 0.4% in July, bringing its loss this year to 49.8%, according to people familiar with the returns.
The fund trailed the broader markets, with the S&P 500 advancing 9.1% and the tech-heavy Nasdaq Composite Index climbing 12%.
July’s return follows a 3.4% rise in June that preceded five months of losses when Chase Coleman’s firm was beset by a sharp decline in some of its biggest equity bets and the markdown of some venture-capital investments.
A spokesperson for New York-based Tiger declined comment.
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