Key Takeaways
- • Tiger Global's hedge fund fell 8.5% in October 2026, leaving it little changed for the year, according to people familiar with the matter.
- • Whale Rock Capital Management's flagship fund, which invests in public stocks and private companies, dropped about 8% in October, reducing its 2026 gain to roughly 34%.
- • The losses were attributed to a broad selloff in stock-picking hedge funds driven by concerns over AI-related investments.
Summary
Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds that were hit hard in October 2026 as concerns over investments tied to artificial intelligence roiled markets, according to Bloomberg, citing people familiar with the matter.
Tiger Global's hedge fund declined 8.5% during the month, which left the fund roughly flat for the year to date. The sources did not provide further detail on the fund's positioning.
Whale Rock's flagship fund, which invests in both public stocks and private companies, fell about 8% in October. That decline pared the fund's 2026 gain to roughly 34%.
The sources asked not to be identified because they were discussing confidential details. The figures are reported second-hand and have not been confirmed by the funds in the primary source.
Tiger Global's hedge fund declined 8.5% during the month, which left the fund roughly flat for the year to date. The sources did not provide further detail on the fund's positioning.
Whale Rock's flagship fund, which invests in both public stocks and private companies, fell about 8% in October. That decline pared the fund's 2026 gain to roughly 34%.
The sources asked not to be identified because they were discussing confidential details. The figures are reported second-hand and have not been confirmed by the funds in the primary source.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.