Tiger Global’s Flagship Hedge Fund Has First Gain Since October

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Tiger International Administration eked out a 3.4% acquire in June in its flagship hedge fund, in line with an individual conversant in the agency, in what marks the fund’s first acquire since October. Nonetheless, the hedge fund remains down 50.1% for the primary half of the 12 months, worse than losses notched by major stock-market indexes and different giant hedge funds investing in development.

The determine was a flash estimate Tiger shared with traders Tuesday night and didn’t embody any commentary. As compared, the tech-laden Nasdaq Composite misplaced 8.7% in June together with dividends; the S&P 500 misplaced 8.3% together with dividends.

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