Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022

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Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022

Bloomberg2023-04-06

Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/...

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Coincrab
·2023-04-06
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Gordon/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Global Posts 7.3% First-Quarter Gain After Losses in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-06 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-04-05/tiger-global-posts-7-3-first-quarter-gain-after-humbling-2022?srnd=markets-vp","article_id":"1175096937","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175096937","pubTimestamp":1680749700,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recou","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"老虎环球在2022年亏损后，第一季度增长7.3%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recoup two years of lossesChase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/BloombergTiger Global Management’s hedge fund gained 7.3% in the first quarter as a rally in technology shares helped the firm begin to dig out from last year’s record losses.  The fund advanced 5.2% in March for its third straight positive month this year, according to a person familiar with the matter. Four of the firm’s biggest stock holdings at the end of December jumped at least 20% during the first three months, led by a 76% surge for Meta Platforms Inc. The tech-heavy Nasdaq Composite Index rose 17%.  A spokesperson for New York-based Tiger Global declined to comment.   Chase Coleman’s firm is seeking to rebound from a down year in 2021 and another in 2022, when the hedge fund tumbled 56% and the long-only fund plunged 67%. To recoup client money lost over that span, the funds would need to gain at least 144% and 216%, respectively. Tech shares have become interesting again after being “in their own version of a recession for almost a year,” Coleman said at a luncheon Tuesday, when he recommended buying so-called FAANGs, an acronym for some of the biggest names in the sector. Tiger Global has bounced back before. After a 26% slide in 2008, the hedge fund recouped losses by 2011, and after sinking 15% in 2016, it made back that money the following year. Still, neither of those declines quite compare with last year’s. The firm started 2023 with about $51 billion, down from roughly $100 billion in late 2021.Tiger Global’s long-only fund returned 5.2% in March, extending this year’s gain to 9.8%, the person said.  The firm overhauled the hedge fund last year, slashing equity holdings in the first quarter and reducing stakes in Chinese firms. 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