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This Tiger grand-cub was flat during Q2 but is ready for the return of volatility

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Michelle deBoer-Jones
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Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%.

Q2 2021 hedge fund letters, conferences and more

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For the first two quarters, longs contributed 15.2% to Tiger Legatus' returns, while shorts subtracted 2.7%. Jesse Ro founded the fund after his time at Viking Global, where he managed a standalone long/ short equity portfolio.

Tiger Legatus leans away from...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.