Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its VC fund

Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by kamaal on Tuesday May 10, 2022 @10:36PM (#31335252)

>>are you trying to insinuate Tiger Global's managers were negligent/reckless with the money?

From the article.

=>Tiger Global’s hedge fund assets have been so hard hit that the outfit has in four months erased about two-thirds of its gains since its launch in 2001.

=> that’s just twice the return they would have received by investing in the S&P 500 over the same 21-year period

Not sure how to interpret these numbers.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by cookingrobot on Tuesday May 10, 2022 @11:05PM (#31335419)

I interpret that as: they made 6x returns as the S&P, but then had a bad quarter and are down to 2x returns.

Still sounds pretty good.

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by kamaal on Tuesday May 10, 2022 @11:42PM (#31335619)

I don't think you can go -2x by pressing some wrong button on they keyboard.

Its more like they've been making mistakes over years which seem to have culminated in one event this quarter.

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