Add as a preferred source on GoogleTiger Global Hedge Fund Sheds 8.5% in October Amid AI Worries
Whale Rock, D1 Capital Partners and Atreides Management also lost ground, while Coatue Management gained 0.2%.
Tiger Global’s flagship hedge fund lost 8.5% in October, leaving its year-to-date return roughly flat as artificial intelligence investment worries coincided with losses at three peer stock-picking funds.
Whale Rock’s flagship fund fell about 8%, leaving it up about 34% for the year. D1 Capital Partners’ equity portfolio declined 4.4% in October and was up 18.8% year to date. Atreides Management’s flagship fund lost 9.5% during the month but remained up about 43% for the year.
Coatue Management’s hedge fund gained 0.2%, making it one of the few stock-picking funds with a positive month. The firms declined to comment.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.