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SRS Gets a Big Win — And a Big Loss

The Tiger Grandcub’s two largest holdings moved sharply on Tuesday — in different directions.

Avis was SRS Investment Management's largest U.S. long at the end of the second quarter. (David Paul Morris/Bloomberg)
Avis was SRS Investment Management's largest U.S. long at the end of the second quarter. (David Paul Morris/Bloomberg)

Tuesday was certainly a wild day for the folks at SRS Investment Management, a little-known Tiger Grandcub.The hedge fund firm headed by Tiger Global Management alum Karthik Sarma must have been downright giddy as shares of Avis Budget Group more than doubled to $357.17, after more than tripling at one

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