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

Hedge fund Tiger Global beaten up by tech selloff: CNBC

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. (NYS:SNOW) , Sea Ltd. (NYS:SE) and Carvana Co. (NYS:CVNA) , 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 (NASDAQ:COMP) has lost about 22% of its value this year.

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