Tiger Global falls 2.9 pct in March, down 5.3 pct in Q1

April 8, 2015 4:04 PM

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BOSTON, April 8 (Reuters) - Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday.

Much of the decline came in March when the fund lost 2.9 percent, the investor, who is not permitted to speak about the fund publicly, said. Many hedge funds are still compiling quarterly data, but so far the average hedge fund is up 2.27 percent this year, research firm Hedge Fund Research said.

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