[The agency encompasses a hedge fund, non-public investment decision fund, along with a crossover fund which includes equally non-public and general public investments.] Troubled general performance aside, some internal bickering started to surface to limited associates—plus the broader community. In January, a settlement concerning a former employee as well as the business reportedly began circulating among the Tiger investors. And this summer time, an anonymously prepared and damning memo that designed intense, yet unsubstantiated, claims regarding the agency’s performance, investment decision technique, and staff started off circling significantly and huge in just Wall Avenue and Silicon Valley circles. It’s the sort of squabbling and attention which makes LPs glimpse 2 times at an investment.
Tiger International is Obviously wary with the prospective threat to its organization. Following the nameless doc was spread across the week of Aug. 21, the organization responded—sending a letter to its investors by Friday afternoon, alleging that it were created by a “disgruntled former personnel�?and decrying the memo as “full of lies,�?in accordance with the letter, which was obtained by Fortune.
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The challenge for Tiger will be to influence All those LPs the blip on the previous few many years will turn out to be a smudge on their own reputation, in lieu of a gaping hole.