The agency was responding to a doc, allegedly a draft article by The New Yorker journal, making the rounds in current months with damning and unsubstantiated allegations in regards to the funding agency.
A spokesperson for the New Yorker denied any involvement.
On Friday, Tiger Global reached out to its funding companions in regards to the doc, which has been seen by enterprise capitalists, hedge funds and in media circles. The agency stated the nine-page doc, which discusses the agency’s investing technique in addition to alleged private improprieties, was written by an worker with whom it had lately parted methods.
“These attacks are packed with lies, which we strongly believe were written and pushed by a disgruntled former employee with whom we parted ways,” Tiger Global stated in its letter to buyers. “We are saddened that you, our clients, have been subjected to this as well.”
Tiger Global’s letter involved a doc that begins with a paragraph saying it was written for The New Yorker journal. A spokeswoman for the publication denied any involvement.
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It was unclear how far the doc has unfold, however the Tiger Global letter stated the agency has been conscious of it for a number of months. Reporters for Reuters acquired a model of it earlier this month. Tiger instructed buyers it had engaged “experts” to assist it reply to the allegations within the doc, with out offering additional particulars. “Unlike the anonymous coward spreading this false narrative on the internet, you know who we are,” Tiger wrote within the letter.
Tiger Global has roughly $50 billion of property below administration, however noticed its portfolio considerably trimmed final 12 months as tech shares faltered.
Source: economictimes.indiatimes.com