Finance
Tiger Cubs Score Second Year of Gains on Soaring Tech Stocks
- Equity hedge funds made best returns in 11 years: PivotalPath
- Performance driven by just a few stocks such as Nvidia, Meta
Based on early estimates, equity-focused hedge funds recorded their best performance in 11 years in 2024.
Photographer: Nelson Almeida/AFP/Getty ImagesThis article is for subscribers only.
Hedge funds run by proteges of the late Julian Robertson reported a second consecutive year of double-digit gains as they continued to bounce back from a terrible 2022.
Soaring technology stocks helped Tiger Management descendant Lone Pine Capital notch a 36% gain last year, while Tiger Global Management gained 24%, according to people familiar with the matter, who asked not to be identified discussing private information. Coatue Management returned roughly 19%.