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Tiger Global Almost Breaks Even in July Despite China Stock Rout

  • Its top holding as of March 31, JD.com, tumbled 11% last month
  • The firm’s U.S. tech holdings may have mitigated the decline

Tiger Global Management’s hedge fund slid less than 1% in July even as its bets on Chinese companies soured amid the nation’s regulatory overhaul.

The 0.8% loss last month pared its gain for the year to 4.4%, according to people familiar with Chase Coleman’s $65 billion firm. The fund rose 6.3% in June.