Economic Recession is Crushing These 5 Hedge Funds

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1. Tiger Global Management LLC

YTD Loss as of May 2022: 52%

Tiger Global Management LLC was one of the most high-profile casualties of the recession fears of 2022. The fund, based in New York and chaired by Chase Coleman, lost 14% in May alone amid the selloff in the tech sector. In an investor letter, the hedge fund said that the public fund performance was “deeply frustrating” since the business was “set up with duration to weather storms when they arise”. Tiger Global has refused to buckle despite pressure, doubling down on tech-related bets amid the selloff. 

Chase Coleman Tiger Global Management

One of the top holdings of Tiger Global Management LLC is Microsoft Corporation (NASDAQ:MSFT), a Washington-based technology firm. Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT), with 27.8 million shares worth more than $8.5 billion.

In its Q1 2022 investor letter, Carillon Tower Advisers, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft Corporation (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”

You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Nickel Stocks to Buy Now.

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