One of the so-called Tiger cubs, Tiger Legatus, is closing, according to a report in the Financial Times. Jesse Ro told investors in a letter that the fund had not delivered acceptable returns, the report said. Many of the funds tied to Julian Robertson’s hedge fund Tiger Management have been hurt by the downturn in tech stocks. Tiger Legatus lost 2.8% in the first quarter and dropped 1% in 2021, the report said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.