WSJ News Exclusive | Tiger Global Management Ekes Out 3.4% Gain in June in Flagship Hedge Fund
Tiger Global Management eked out a 3.4% gain in June in its flagship hedge fund, according to a person familiar with the firm, in what marks the fund’s first gain since October. Still, the hedge fund remains down 50.1% for the first half of the year, worse than losses notched by major stock-market indexes and other large hedge funds investing in growth.
The figure was a flash estimate Tiger shared with investors Tuesday evening and didn’t include any commentary. In comparison, the tech-laden Nasdaq Composite lost 8.7% in June including dividends; the S&P 500 lost 8.3% including dividends.