Investing

Hedge Fund Hell: How the Tech Crash Is Clobbering the Tiger Cubs

Hedge Funds That Piled Into Tech Have Tanked

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By Hema Parmar and Tom Maloney

May 18, 2022 at 12:56 PM UTC

This article is for subscribers only.

The hedge fund managers known as Tiger Cubs made billions riding some of the same tech stocks to dizzying heights.

Then, in a blink, years of gains evaporated as the markets turned violently against them in the first quarter. The carnage continued in April and bled into May as some of their top stock picks plunged even more. The tech-heavy Nasdaq 100 has tumbled 23% in 2022.