Hedge fund Tiger Global has plunged to a $17 billion loss this year as its huge tech bets go sour
2022-05-10
https://markets.businessinsider.com/news/stocks/tiger-global-hedge-fund-losses-tech-stocks-fed-inflation-rates-2022-5
In four months, hedge fund Tiger Global has wiped out around two-thirds of its cumulative gains since 2001.
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The Bank of England has raised interest rates by 0.75 percentage points to 3% in a bid to tackle inflation. It’s the highest interest rate since the 2008 global financial crisis, the biggest hike since 1989 and will have ramifications across the entire British economy. For tech startups, it underscores that the era of cheap […]
The post UK interest rate hike kills era of cheap money for startups appeared first on UKTN | UK Tech News.
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