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Tiger Global Lost 7% Last Year, First Annual Drop Since 2016

  • Chase Coleman’s hedge fund erased 13% gain in final two months
  • Firm opens fund to limited amount of new capital to buy dip
Chase Coleman

Chase Coleman

Photographer: Amanda L. Gordon/Bloomberg
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Tiger Global Management’s hedge fund tumbled 7% last year, its first annual loss since 2016, according to people familiar with the matter. 

The fund struggled in the final two months, dropping 8% and 10.7% in November and December, respectively, the people said. That erased a 13% gain that it had built through the first 10 months of the year.