Tech To Blame For Double Digit Losses At Several Top Funds

An ugly spring for a number of multibillion-dollar funds that are down sharply this month.  The downturn at many funds, including Viking Global Investors LP and JAT Capital Management LP, surpasses the decline in the broader market, where the S&P 500 index was down 1.2%, including dividends, for the year through the end of last week.

The Wall Street Journal reporting, some funds losses approaching double digits.

 

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