Coatue Slumps 7%; Invests In Snapchat And Flipboard In Q1

In an all around tough time for technology stocks, and hedge funds that have focused their portfolios on tech stocks have suffered due to the slump. Tiger cubs, off-shoots of Julian Robertson’s Tiger Management, have seen lukewarm returns in the last quarter after a particularly profitable 2013. Coatue’s $7 billion fund slumps in Q1 PhiIippe Laffont’s Coatue Management has been particularly hard hit; the flagship hedge fund with $7.1 billion under management posted a loss of 7.2% in Q1, according to performance data reviewed by ValueWalk. Coatue’s smaller allocations which were launched in the first half of 2013 are not doing…