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Viking Hedge Fund’s 7% Loss in First Half Still Beats Its Tiger Cub Peers

  • Firm’s flagship fund is still on track for its worst year ever
  • Shorts against health care, financials among its big winners
Andreas Halvorsen 

Andreas Halvorsen 

Photographer: David Paul Morris/Bloomberg

Viking Global Investors’ move to reduce risk, concentrate long wagers and hold onto its short bets helped the hedge fund limit losses in the first half of 2022 and outperform several stock-picking peers.

Andreas Halvorsen’s $19 billion flagship fund gained 2% last month, paring its decline for the year to 7.4%, according to an investor letter seen by Bloomberg. While the fund is on track to post the worst annual loss in its 22-year history, that performance is far better than other so-called Tiger Cubs, some of which tumbled 30% or more this year.