Tiger Global Management's Fund Said Halved This Year - Report

Tiger Global Management, the hedge fund that has leveraged itself highly to pre-IPO private companies and other high-flying stocks, has seen losses for the year stack up to 51.8%, Bloomberg News reported Thursday morning after seeing an investor letter.

Even as the stock market stabilized in May, Tiger Global's main fund still saw a 14.2% drop in the month. The S&P 500 was relatively flat for the month.

At the end of March, Chase Coleman’s fund held positions in publicly traded stocks like Amazon (NASDAQ: AMZN), Carvana (NASDAQ: CRVNA), Datadog (NASDAQ: DDOG), Meta (NASDAQ: FB), and Snowflake (NASDAQ: SNOW), among others, which all saw their values decline sharply over the last several months.

Tiger Global declined to comment on the report.

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