Tiger Global is struggling to attract new investors to its funds after the brutal losses of the past two years.
Prior to 2021, Chase Coleman's firm was one of the most influential in the hedge fund world. As the technology sector boomed during the coronavirus pandemic, its public and private market bets soared in value, and assets under management swelled to around $100 billion across its funds.
However, Tiger started to stumble in 2021. Its flagship hedge fund lost a mid-single-digit percentage that year before going on to lose 56% in 2022. The firm's long-only fund plunged 67%. This is the worst performance on record for Coleman's hedge fund. Its previous worst performance was in 2008, when the fund declined 26%.
At the...
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