Tiger Global Management gained 2.8% in July, bringing year-to-date returns to 7.5%, but still lags behind several fellow “Tiger Cub” hedge funds, according to a report by Bloomberg citing unnamed people familiar with the numbers.

The performance allowed Chase Coleman’s fund to edge past Viking Global Investors (+5.8% YTD) but left it well behind Maverick Capital, which leads the group with an 18.1% gain through July. By comparison, the S&P 500 rose 8.6% and the Nasdaq Composite advanced 9.8% over the same period.

Tiger Global continues to recover from steep losses in 2021 (-7%) and 2022 (-56%). While its hedge fund has returned more than 20% in each of the past two years, it still needs a further 43% gain to break even for investors.

The firm’s long-only fund is up 12.4% YTD, while its $3.1bn crossover fund — which can allocate up to half its capital into private markets — has advanced 12.7% after a 28% gain in 2024.