Tiger Global Posts Bruising Loss in March

The Tiger Management descendant has been tapping its new drawdown fund amid the market selloff.

(Jeenah Moon/Bloomberg)

(Jeenah Moon/Bloomberg)

Tiger Global Management’s hedge funds fell into losing territory for the year after posting a double-digit loss in March, when global equity markets swooned as the coronavirus pandemic worsened.

The firm’s technology, internet and media-driven long-short funds, Tiger Global Investments, lost 10.8 percent last month, according to an investor in the funds.

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