Tech-focused growth hedge fund Tiger Global is now down over 50% so far in 2022 having lost 14.2% in May alone, according to a report by Fortune.
The report cites an investor letter as revealing that founder Chase Coleman’s flagship fund upped its positions in a number of tech stocks including Snowflake, Carvana and Sea earlier in Q4, before the tech stock sell-off accelerated.
Tiger Global reportedly attempted to stem losses in May by selling out of tech companies including AirBnB, Bumble, Netflix and Peloton.
