Hints and tips:
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...Backers, who also include Japan’s SoftBank and US private equity firm Tiger Global, will offload part of their stakes in the sale....
...Its private holdings account for a smaller share of it flagship fund after its public investments recovered their value, Tiger said....
...Its largest private holdings include stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments start-up Stripe....
...In 2022, Tiger’s flagship fund suffered its worst annual loss, losing more than 50 per cent of its value as Tiger marked down its unlisted holdings by nearly 20 per cent....
...The markdowns erased $23 billion in value from Tiger’s giant holdings of startups around the globe, one of the people said....
...Perhaps the woes of fellow “Tiger cub” Tiger Global has sucked up so much attention and obscured the terrible performance of Lone Pine, but it caught FTAV a bit by surprise....
...Tiger’s largest private holdings as of mid-2022 were ByteDance, Shein, Stripe, Razorpay and Flipkart, according to documents seen by the Financial Times....
...billionaire actor Shah Rukh Khan, had been a poster child for India’s start-up sector, mounting an international expansion drive and attracting the backing of investors from China’s Tencent to US hedge fund Tiger...
...In its annual letter to investors, Tiger outlined its methodology for valuing some of its biggest private holdings, including China’s ByteDance, payments company Stripe and US software group Databricks....
...However, Tiger has been stung by a sharp sell-off in Chinese stocks. JD.com, Tiger’s largest public holding as of mid-year, has fallen 35 per cent this year....
...LCH’s research does not include Tiger’s private equity business. Tiger Global declined to comment....
...In letters to investors, the group has noted it was hit hardest by public software holdings and the inability of its hedges to damp market volatility....
...Tiger investment teams in the US and Asia met at a frenetic pace since February as they decided to slash holdings in pandemic beneficiaries like videoconferencing start-up Zoom, e-signature specialist DocuSign...
...Chase Coleman’s hedge fund Tiger Global, Edinburgh-based investment group Baillie Gifford and a group tied to Berkshire Hathaway vice-chair Charlie Munger are among investors with large holdings of Chinese...
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...The firm’s sprawling portfolio of private investments continued to soften the blow of losses from its holdings in liquid public markets....
...Ark has doubled down on many of its holdings, snapping up more shares in crypto exchange Coinbase, and adding to its holdings in the Grayscale Bitcoin Trust and crypto-focused lender Silvergate Capital....
...Few funds epitomise the huge bull market in technology stocks and the recent vicious sell-off quite like Chase Coleman's Tiger Global....
...The value of Tiger’s holdings in companies such as Peloton and Zoom rocketed....
...Thus, the illiquidity of private holdings could prove challenging at times of investor redemptions and in market downturns. 2. Use of leverage to fund private investments....
...the numbers, according to FT sources (markets have continued to fall, so DD’s best guess is that these figures have taken a further turn for the worse since they were gathered): One of the most painful holdings...
...One of the most painful holdings has been Peloton. Tiger Global, Coatue, Light Street, D1 and Viking all held positions during 2021, with the latter two buying into the stock early that year....
...to the end of the company life of SVF2 LLC....
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