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Hedge fund Tiger Global ended 2018 with a 13.6 percent gain

Reuters  |  BOSTON 

(Reuters) - firm Tiger Global Management, which oversees $23 billion in assets, told investors its gained 13.6 percent last year.

Tiger Global's invests some $8 billion in assets and gained 0.9 percent in December. That compares with the fortunes of many hedge funds that lost in December and saw their gains for the year wiped out.

A Tiger Global declined to comment.

2018 was a second straight year of strong returns for Tiger Global after its gained 28.2 percent in 2017. The average stocks-oriented hedge fund lost 6.9 percent last year, according to data from

(Reporting by Svea Herbst-Bayliss; Editing by Bernadette Baum)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 22:50 IST
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