Lone Pine, Viking, Others Post January Losses

The Reddit-induced market turmoil plunged many high-profile funds into losing territory.

(Jeenah Moon/Bloomberg)

(Jeenah Moon/Bloomberg)

January is shaping up to be a big losing month for hedge funds.

Many of the funds that have already reported monthly results to their investors posted single-digit declines, while several lost very large sums.

They include a number of the Tiger Management descendants, many of which are typically long new economy stocks and short many of the big, popular, concentrated old-economy beneficiaries.

For

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