Investment firm Tiger Global Management LLC, known for its early bets on tech firms like Meta and Spotify, on Friday told limited partners it was targeted in a series of misinformation attacks by a former worker, in response to a letter seen by Reuters.
The firm was responding to a document, allegedly a draft article by The Latest Yorker magazine, making the rounds in recent months with damning and unsubstantiated allegations concerning the investment firm.
A spokesperson for the Latest Yorker denied any involvement.
On Friday, Tiger Global reached out to its investment partners concerning the document, which has been seen by enterprise capitalists, hedge funds and in media circles. The firm said the nine-page document, which discusses the firm’s investing strategy in addition to alleged personal improprieties, was written by an worker with whom it had recently parted ways.
“These attacks are filled with lies, which we strongly imagine were written and pushed by a disgruntled former worker with whom we parted ways,” Tiger Global said in its letter to investors. ”We’re saddened that you simply, our clients, have been subjected to this as well.”
On Friday, Tiger Global reached out to its investment partners concerning the document, which has been seen by enterprise capitalists, hedge funds and media circles.SOPA Images/LightRocket via Gett
Tiger Global’s letter concerned a document that begins with a paragraph saying it was written for The Latest Yorker magazine. A spokeswoman for the publication denied any involvement.
It was unclear how far the document has spread, however the Tiger Global letter said the firm has been aware of it for several months. Reporters for Reuters received a version of it earlier this month.
The Latest Yorker denied any involvement.
Tiger told investors it had engaged “experts” to assist it reply to the allegations within the document, without providing further details. “Unlike the anonymous coward spreading this false narrative on the web, you realize who we’re,” Tiger wrote within the letter.
Tiger Global has roughly $50 billion of assets under management, but saw its portfolio significantly trimmed last yr as tech stocks faltered.