Thursday, August 4, 2022

Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it "underestimated the impact" of inflation (Antoine Gara/Financial Times)

Antoine Gara / Financial Times:
Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it “underestimated the impact” of inflation  —  Chase Coleman's group sustains steep losses and admits it ‘underestimated’ effect of rising prices



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Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)

Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...