Tiger Global's flagship fund fell 8.5% in October... Coatue hedge fund rose 0.2%
Original headline타이거글로벌 주력펀드 10월 8.5% 하락…코튜 헤지펀드 0.2% 상승
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Tiger Global’s flagship hedge fund fell 8.5% in October, leaving its year-to-date return essentially flat, while Coatue Management’s hedge fund gained 0.2% over the same month, Bloomberg reported. Whale Rock Capital Management’s flagship fund dropped about 8% in October, cutting its year-to-date gain to roughly 34%, and D1 Capital Partners’ equity portfolio lost 4.4% last month, reducing its 2024 return to 18.8%. The declines came as market concerns over AI-related investments hit several stock-picking hedge funds. The results matter because they show how quickly concentrated technology bets can reverse even for managers with strong annual gains. Investors will watch whether AI-linked volatility persists into November and whether Tiger Global can recover its flat 2024 performance.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Tiger Global, Coatue Management, Whale Rock Capital Management, D1 Capital Partners, Bloomberg