Billionaire Steve Cohen's Point72 lost 2% last month, part of a difficult month for hedge funds that ended a strong stretch
Prominent hedge funds lost money in September, a swift comedown after a relatively strong run for the industry at large.
Several technology-focused funds were among those hit hard. Tiger Global Management LLC, a hedge fund founded by billionaire Charles “Chase” Coleman, lost 7.4% last month, said people familiar with the numbers. Philippe Laffont’s Coatue Management LLC lost about 6%, Whale Rock Capital Management LLC dropped 14%, and Glen Kacher’s Light Street Capital Management LLC lost around 10%, according to people familiar...
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