As financial markets soared in 2021, fuelled by a pandemic surge in technology stocks that made Tiger Global one of the most successful hedge funds on the planet, the firm invited in US downhill skier Lindsey Vonn to offer advice to about 30 investors.
Tiger’s analysts quizzed Vonn on how she recovered from a traumatic crash at the super-G world championships in 2013, suffered through a year of rehabilitation and, in her second race back, became world champion again.
Now, the New York-based hedge fund, which managed over $90bn in assets at its peak, is drawing on the lessons of her recovery, say people familiar with the matter, after its flagship fund shed about half its value by July, causing billions of dollars in investor losses.