Highflying Tiger Global humbled by unraveling of giant tech bet
11 min read
06 Jun 2022, 09:58 PM IST
The New York firm was a heavy investor in technology stocks and startups when the market peaked. The downturn has vaporized years of its gains.
PremiumTiger Global Management rode the tech boom like no other investment firm. It was funding more startups than any other U.S. investor when the market peaked last year, and had tens of billions of dollars from pensions, endowments and rich clients riding on some of Silicon Valley’s hottest stocks.
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