Zamansky LLC Investigates Losses In The Tiger Global Hedge Fund
Zamansky LLC is investigating the losses suffered by the Tiger Global hedge fund in the first quart of 2016. According to public news reports, these losses resulted from highly leverage bets made on concentrated positions in a few tech stocks, and amounted to over a billion dollars. The largest losses reportedly occurred in retailer Amazon.com Inc., video streamer Netflix Inc. and Chinese e-commerce company JD.com Inc. which comprised nearly half of Tiger Global’s portfolio at the start of 2016.
The investigation concerns whether Tiger Global improperly changed its investment strategy, or engaged in style drift. We are looking at the investment decisions made over the past two years or so, and the departure of several partners in 2015 including Feroz Dewan. We are also looking at whether there was a significant risk increase in the Tiger Global fund.
If you were an investor in the Tiger Global hedge fund, please contact our firm for an evaluation of the investment or your rights. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at firstname.lastname@example.org.
Zamansky LLC is a leading stock fraud law firm specializing in securities fraud, breach of fiduciary and other class and investors actions to recover losses.