"A dollar invested in the firm's flagship hedge fund at inception would be worth $28 after fees at the end of 2025, compared to less than $9 for the S&P 500."
"The firm's straightforward principles include that returns are 'our North Star,' and the importance of finding winners and losers of 'technological and societal shifts.'"
"The flagship hedge fund is down 3.4% through February, while the S&P 500 was up just under 1% during the same period."
"The crossover fund, which includes stakes in public and private companies, has fared better, being up 2.1% through February."
Tiger Global, now a $50 billion investment firm, celebrated its 25th anniversary by sharing its mission and principles in a letter to investors. The firm began with $42 million and has grown significantly since its inception. Key principles include focusing on returns, identifying winners and losers in technological and societal changes, and maintaining patience. The letter also highlighted advice from various guest speakers, including Misty Copeland and Wayne Gretzky. Despite a recent decline in its flagship hedge fund, the crossover fund has shown positive performance.
Read at www.businessinsider.com
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