Exclusive: Tiger Global says ex-employee targets it in misinformation attacks - Reuters

Aug 25 (Reuters) - Investment firm Tiger Global Management LLC, known for its early bets on tech firms like Meta (META.O) and Spotify , on Friday told limited partners it was targeted in a series of misinformation attacks by a former employee, according to a letter seen by Reuters.

The firm was responding to a document, allegedly a draft article by The New Yorker magazine, making the rounds in recent months with damning and unsubstantiated allegations about the investment firm.

A spokesperson for the New Yorker denied any involvement.

On Friday, Tiger Global reached out to its investment partners about the document, which has been seen by venture capitalists, hedge funds and in media circles. The firm said the nine-page document, which discusses the firm’s investing strategy as well as alleged personal improprieties, was written by an employee with whom it had recently parted ways.

“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 said in its letter to investors. ”We are saddened that you, our clients, have been subjected to this as well.”

Tiger Global's letter concerned a document that begins with a paragraph saying it was written for The New Yorker magazine. A spokeswoman for the publication denied any involvement.

It was unclear how far the document has spread, but 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.

Tiger told investors it had engaged "experts" to help it respond to the allegations in the document, without providing further details. "Unlike the anonymous coward spreading this false narrative on the internet, you know who we are," Tiger wrote in the letter.

Tiger Global has roughly $50 billion of assets under management, but saw its portfolio significantly trimmed last year as tech stocks faltered.

(This story has been refiled to delete an extraneous word in paragraph 3)

Reporting by Helen Coster and Greg Bensinger; editing by Kenneth Li and David Gregorio

Our Standards: The Thomson Reuters Trust Principles.

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Greg Bensinger

Thomson Reuters

Greg Bensinger joined Reuters as a technology correspondent in 2022 focusing on the world's largest technology companies. He was previously a member of The New York Times editorial board and a technology beat reporter for The Washington Post and The Wall Street Journal. He also worked for Bloomberg News writing about the auto and telecommunications industries. He studied English literature at The University of Virginia and graduate journalism at Columbia University. Greg lives in San Francisco with his wife and two children.

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Exclusive: Tiger Global says ex-employee targets it in misinformation attacks - Reuters
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