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Tiger Global Sidestepped Crypto Rout by Cashing Out When Going Was Good

From blockworks.co

At long last, a silver lining for Tiger Global. The blue-chip hedge fund firm has been ravaged this year by punishing equity markets and pummeled by a steep technology-stock rout that contributed to a staggering 44% loss in the first four months of 2022 for founder Chase Coleman’s flagship vehicle. Tiger, with assets split roughly 50-50 between stocks and venture capital plays, started actively trading cryptocurrencies in recent months, Blockworks first reported. The foray, including building up positions in decentralized finance (DeFi) protocol Filecoin, as well as bitcoin and ethereum, ended almost as soon as it ... (full story)

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  • Category: Fundamental Analysis