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. It also marked down private investments in its venture funds by about a third.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9948544386,"gmtCreate":1680751281846,"gmtModify":1680752474236,"author":{"id":"4143755643647982","authorId":"4143755643647982","name":"Coincrab","avatar":"https://community-static.tradeup.com/news/4350a1dffcc53dc58686a24603456d7a","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Congrats&nbsp;","listText":"Congrats&nbsp;","text":"Congrats","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948544386","repostId":1175096937,"repostType":4,"repost":{"id":"1175096937","pubTimestamp":1680749700,"share":"https://www.laohu8.com/m/news/1175096937?lang=&edition=full","pubTime":"2023-04-06 10:55","language":"en","title":"Tiger Global Posts 7.3% First-Quarter Gain After Losses in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1175096937","media":"Bloomberg","summary":"Chase Coleman’s firm helped by Meta’s 76% surge in the periodHedge fund needs to climb 144% to recou","content":"<html><head></head><body><ul><li><p>Chase Coleman’s firm helped by Meta’s 76% surge in the period</p></li><li><p>Hedge fund needs to climb 144% to recoup two years of losses</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2197207e6ceb687e7158ecec83111834\" alt=\"Chase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/Bloomberg\" title=\"Chase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/Bloomberg\" tg-width=\"1000\" tg-height=\"666\"/><span>Chase Coleman, founder of Tiger Global.Photographer: Amanda L. Gordon/Bloomberg</span></p><p>Tiger 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.  </p><p style=\"text-align: start;\">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%.  </p><p style=\"text-align: start;\">A spokesperson for New York-based Tiger Global declined to comment.   </p><p style=\"text-align: start;\">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. </p><p>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. </p><p>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.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d56f0c269c0069f57c8ecbd63ae6e50\" tg-width=\"945\" tg-height=\"567\"/></p><p></p><p>Tiger Global’s long-only fund returned 5.2% in March, extending this year’s gain to 9.8%, the person said.  </p><p style=\"text-align: start;\">The firm overhauled the hedge fund last year, slashing equity holdings in the first quarter and reducing stakes in Chinese firms. It also marked down private investments in its venture funds by about a third.   </p></body></html>","source":"lsy1584095487587","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"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","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175096937","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. It also marked down private investments in its venture funds by about a third.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":13,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}