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Hedge Fund Losses Mount at Tiger Global, Whale Rock as Stock-Pickers Reel

  • This year’s drop at Chase Coleman’s Tiger Global widens to 52%
  • Flagship fund at Sacerdote’s Whale Rock declined 6% last month
Bloomberg business news
Big Hedge Funds See Losses Mount
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Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds to report September losses as equity markets tumbled.  

Chase Coleman’s Tiger Global fell 4.4% for the month, extending its decline for the year to 52%, according to people familiar with the matter who asked not to be identified discussing the results. The New York based firm’s long-only fund tumbled 9.6% in September to bring its year-to-date slide to 66.5%.