Tiger Global Management posted a 3.4% gain in its flagship hedge fund in June, the fund’s first gain since October, according to a person familiar with the firm. However, hedge funds remains down 50.1% For the first half of the year, the loss worse major stock market indices And other large hedge funds are investing in growth.
The figure was a flash estimate that Tiger shared with investors on Tuesday evening and did not include any comment. In comparison, the tech-backed Nasdaq Composite lost 8.7% in June, including dividends; The S&P 500, including dividends, declined 8.3%.