Year after year, the largest hedge funds that sprung from Julian Robertson’s Tiger Management posted stellar results. But in 2022, they’re losing money on both of their favored trades: Technology giants and unicorns.
Chase Coleman, Philippe Laffont and Andreas Halvorsen -- so-called Tiger cubs -- all rode long positions in the tech sector as valuations climbed, only to suffer as sentiment shifted amid volatile markets. The change seemed to have caught their funds by surprise, with their short positions not enough to outpace the declines.
