Hedge fund Tiger Global beaten up by tech selloff: CNBC


Tiger Global Management, a hedge fund run by Chase Coleman, has lost more than 50% of its value in 2022 including a 14.3% drop in May, according a report by CNBC. The losses came after Tiger Global bet on tech stocks in the first quarter including Snowflake Inc. SNOW, +9.58%, Sea Ltd. SE, +4.13% and Carvana Co. CVNA, +13.55%, CBNC reported, citing regulatory filings. Snowflake has lost 60% of its value in 2022, while Carvana is off by nearly 88% and Sea is down by 63%. The Nasdaq COMP, +2.69% has lost about 22% of its value this year.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleDow Jones Newswires: Fast Retailing shares rise sharply after Uniqlo sales in Japan surged in May
Next articleFed’s Brainard says she doesn’t support notional rate-hike ‘pause’ in September


Please enter your comment!
Please enter your name here