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How Tiger Global lost $17 billion in tech investments?

Shortpedia

Content Team
Image Credit: ft

New York-based Tiger Global, one of the world's biggest hedge funds, has been hit by losses of around $17 billion this year caused by the large-scale sell-off of technology stocks since last week. The hedge fund is known for its investments in high-growth, speculative companies, all of which have hit the ground after their pandemic peaks.