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Business News/ Companies / Hedge fund Tiger Global said to be down 21% for year
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Hedge fund Tiger Global said to be down 21% for year

For the New York-based firm, which manages roughly $6 billion in its hedge fund, the numbers put it among the year's worst performers

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Boston: Hedge fund Tiger Global Management, known for making big bets on technology companies, slipped modestly in March, leaving it down 21% for the first three months of the year, an investor in the fund said.

For the New York-based firm, which manages roughly $6 billion in its hedge fund, the numbers put it among the year’s worst performers, marking a rare misstep for the highly secretive firm that has seen some turnover in its ranks.

Tiger ended 2015 with a 6.8% gain when most other firms lost money.

A spokeswoman did not respond to an email requesting comment. Reuters

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Published: 06 Apr 2016, 11:37 PM IST
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