Investing
Tiger Global’s 34% Tumble Brings Coleman’s Firm Back to Earth
- Hedge fund losses come after years of double-digit gains
- ‘We are humbled,’ investment team writes in letter to clients
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In his 20s, he was a hedge-fund wunderkind. By his 40s, a hedge-fund legend. But suddenly, Chase Coleman is stumbling, and hard.
After a tough 2021, his Tiger Global Management has piled up losses this year that have set the industry abuzz -- a staggering 34% slump for the firm’s hedge fund through March. The speed of the reversal has shocked just about everyone, considering that Coleman is celebrated as one of his generation’s brightest stars, a standout among the elite money managers mentored by the famed Julian Robertson.