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Tech stock rout sees Tiger Global lose $17bn
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The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its inception in 2001, according to data from an investor that tracks the industry.
LCH Investments estimates Tiger Global has lost about $17bn this year. Heading into 2022, Tiger Global had made net gains of $25bn, according to LCH, which operates a fund of hedge funds and tracks the top 20 hedge fund managers annually. Tiger Global lost $1.5bn last year.
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