How Tiger Funds Successfully Hedged In September

Most of the funds, including D1 Capital, Lone Pine, Tiger Global, Viking, Coatue, and others, were up or lost small amounts during last month’s sharp selloff.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Now this is what you call hedging.

The global stock markets in September may have suffered their worst monthly loss since March 2000.

But many long-short hedge funds with roots to Tiger Management either generated gains for the month or posted much smaller monthly losses than the 5 percent or so declines recorded by the widely tracked indices.

Pretty

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