Tiger Global’s Hedge Fund Lost 52% for the Year Through May
Share this @internewscast.com



Tiger Global Management’s brutal year is getting even tougher, with losses at the firm’s high-profile hedge fund ballooning to 52% through May.

Tiger reported the drop, which extends a 44% loss recorded through April, in a note to its investors Thursday. The firm’s long-only fund lost 20.6% in May, bringing its losses for the year to 61.7%. The losses prompted Tiger to cut its management fee by 0.5% through December 2023 in both its hedge fund and long-only fund.

Share this @internewscast.com
You May Also Like

Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022

Crypto platform Bitcoin.com is looking to expand its ecosystem by introducing Bitcoin…

5 Ways Technology Can Boost Your Startup’s Productivity

Opinions expressed by Entrepreneur contributors are their own. Navigating growth as a…

HBO’s ‘The Rehearsal’ Recap, Episode 4: Meta Method Acting

Nathan Fielder, knee-deep in his own reality. Allyson Riggs/HBO The first episode…

‘Squad’ Member Ilhan Omar Narrowly Defeats Moderate Opponent In Democratic Primary

Topline Rep. Ilhan Omar (D-Minn.) has defeated former Minneapolis city councilman Don…

Will The FTC Try To Unwind Northrop Grumman’s 2018 Merger With Orbital ATK?

On July 22, Politico reported based on anonymous sources that Federal Trade…

The Health Care Savings Face-Off: HSA Vs FSA

Couple discussing paper documents getty Both HSAs and FSAs provide tax savings…

Breaking Bad In More Ways Than One

Bob Odenkirk as Gene Credit: AMC In the latest episode of Better…

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report

Institutional investors are piling into Ether-based digital asset funds, which have recorded…