Tiger Global hit by $17 bn in losses in tech rout, Financial Times reports

New York-based Tiger Global has been hit by losses of around $17 billion during this year’s technology stock selloff, the Financial Times reported.
VC funding for techTiger Global, one of the world’s biggest hedge funds, has erased around two-thirds of its gains in four months, according to calculations by LCH Investments.

Market-leading technology and growth stocks have suffered this year as investors worry that rising interest rates will dent their future earnings.