Market Pulse Archives

June 2, 2022, 11:59 a.m. EDT

Hedge fund Tiger Global beaten up by tech selloff: CNBC

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Snowflake Inc. (SNOW)
  • X
    Sea Ltd. ADR (SE)
  • X
    Carvana Co. Cl A (CVNA)

or Cancel Already have a watchlist? Log In

By Steve Gelsi

Tiger Global Management, a hedge fund run by Chase Coleman, has lost more than 50% of its value in 2022 including a 14.3% drop in May, according a report by CNBC. The losses came after Tiger Global bet on tech stocks in the first quarter including Snowflake Inc. /zigman2/quotes/220991541/composite SNOW +7.34% , Sea Ltd. /zigman2/quotes/202797958/composite SE +4.18% and Carvana Co. /zigman2/quotes/206651606/composite CVNA +13.03% , CBNC reported, citing regulatory filings. Snowflake has lost 60% of its value in 2022, while Carvana is off by nearly 88% and Sea is down by 63%. The Nasdaq /zigman2/quotes/210598365/realtime COMP +2.24% has lost about 22% of its value this year.

/zigman2/quotes/220991541/composite
US : U.S.: NYSE
$ 172.33
+11.78 +7.34%
Volume: 2.35M
Aug. 10, 2022 10:42a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$51.07 billion
Rev. per Employee
$353,904
loading...
/zigman2/quotes/202797958/composite
US : U.S.: NYSE
$ 87.03
+3.50 +4.18%
Volume: 1.60M
Aug. 10, 2022 10:42a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$46.59 billion
Rev. per Employee
$164,803
loading...
/zigman2/quotes/206651606/composite
US : U.S.: NYSE
$ 46.83
+5.40 +13.03%
Volume: 3.59M
Aug. 10, 2022 10:43a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.82 billion
Rev. per Employee
$695,905
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
12,773.19
+279.26 +2.24%
Volume: 1.62B
Aug. 10, 2022 10:43a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Investing

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.