dockerfile/examples/omnivore/api/readabilityjs/test/test-pages/ft.com/distiller.html

1 line
5.3 KiB
HTML
Raw Normal View History

2024-03-15 14:52:38 +08:00
<div><figure><img src="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ffcdb88dd-1d9b-4b1a-b6ea-590293ae813f.jpg?fit=scale-down&amp;source=next&amp;width=700" alt="Tiger Global logo on a smartphone" srcset="https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ffcdb88dd-1d9b-4b1a-b6ea-590293ae813f.jpg?fit=scale-down&amp;source=next&amp;width=700 700w, https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ffcdb88dd-1d9b-4b1a-b6ea-590293ae813f.jpg?fit=scale-down&amp;source=next&amp;width=500 500w, https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Ffcdb88dd-1d9b-4b1a-b6ea-590293ae813f.jpg?fit=scale-down&amp;source=next&amp;width=300 300w" sizes="(min-width: 76.25em) 700px, (min-width: 61.25em) 620px, (min-width: 46.25em) 700px, calc(100vw - 20px)"/><figcaption>Tiger Globals hedge fund lost 15.2% in April, according to a letter to investors, taking it down 43.7% in the first four months of 2022 © Timon Schneider/Alamy</figcaption></figure><p>Tiger Globals flagship hedge fund was dealt a fresh blow in April and is down more than 40 per cent this year, in the latest sign of how star investors who rode the big rally in tech stocks have been wrongfooted by a sharp pullback.</p><p>The losses marked a dramatic fall from grace for Tiger Globals founder Chase Coleman, who has emerged as one of the worlds most prominent growth investors after founding the firm in 2001.</p><p>Tiger Globals hedge fund lost 15.2 per cent in April, according to a person familiar with the matter, taking it down 43.7 per cent in the first four months of 2022. This years losses and a 7 per cent reversal in 2021 mean that the Tiger Global hedge funds gain of 48 per cent in 2020 has been completely erased. </p><p>The groups long-only fund lost 24.9 per cent in April and is down 51.7 per cent in 2022, the person said. Across the two funds, the firm managed about $35bn in public equities at the end of 2021. Tiger Global declined to comment on the performance numbers, which were first reported by Bloomberg.</p><p>Last month was a <a href="https://www.ft.com/content/2437bc7a-3758-4660-900c-34f83654bd72">miserable one</a> for many hedge funds, with both global bond and stock markets losing money as investors fretted about high inflation pushing central banks into an aggressive interest rate hiking cycle.</p><p>The so-called <a href="https://www.ft.com/content/e1d1c558-9a87-4843-9cd8-29ab203b7911">Tiger Cub hedge funds</a>, spawned from Julian Robertsons Tiger Management and big investors in tech stocks, have been <a href="https://www.ft.com/content/4af5c796-b8a5-4046-baf4-c9c7411929c2">hit particularly hard</a> in recent months as a boom in high-growth technology stocks that was accelerated by the pandemic has <a href="https://www.ft.com/content/6211eadb-c101-46d1-98b2-95347bd9d413">turned into a bear market</a>. This has put the brakes on one of the most lucrative trades in recent years.</p><p>The Nasdaq Composite lost 13.3 per cent in April, its <a href="https://www.ft.com/content/fa46a15f-9144-4e7c-a86f-7c75c87611aa">worst monthly performance</a> since 2008. Despite a bounce in recent days, the tech-heavy benchmark has fallen almost 22 per cent since its November peak.</p><p>In a brief letter to investors, the Tiger Global investment team said: “April added to a very disappointing start to 2022 for our public funds. Markets have not been co-operative given the macroeconomic backdrop, but we do not believe in excuses and so will not offer any.”</p><p>The letter added that the team was managing the portfolio in the ways it described in its first-quarter letter. “[We] know we will look back on this as one point in time on a long journey,” it said.</p><p>By the start of last year, Coleman was ranked the 14th best-performing hedge fund manager ever after a bumper year in 2020 in w