Tiger Crowd Suffers Losses in May, With Some Funds Now in the Red

Several Tiger Cubs, Seeds and Grandcubs are down by double digits this year.

JD.com is Tiger Global's largest U.S. long. (Gilles Sabrie/Bloomberg)

JD.com is Tiger Global’s largest U.S. long.

(Gilles Sabrie/Bloomberg)

May was a rough month for many of the Tiger crowd.

A number of Tiger Cubs, Seeds and Grandcubs posted losses that either put them into the red for the year or widened already sharp declines.

This is not too surprising since a big chunk of the Tiger crowd saw their large tech and internet bets penalized as investors bid up lower multiple value stocks and consumer-oriented issues, deemed to be beneficiaries of the economy’s reopening as more more people get vaccinated in the country.

Of

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