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Short Books Mitigate Big Losses at Some Tiger-Related Funds
October was a mixed bag for Viking, Lone Pine, Maverick, Light Street, and other Tiger-affiliated funds, but several got a boost from negative bets.
October was a disaster for many long-short funds. For many among the tech-heavy Tiger crowd, it was a blood bath.But it could have been a lot worse had it not been for strong gains in their short books. Funds with ties to Julian Robertson Jr.’s Tiger Management — often called the
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