This Tiger grand-cub was flat during Q2 but is ready for the return of volatility

Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index’s 7.9% return and the S&P 500’s 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge fund letters, conferences and more For the first two quarters, longs contributed 15.2% to Tiger Legatus’ returns, while shorts subtracted 2.7%. Jesse Ro founded the fund after his time at Viking Global, where he managed a standalone long/ short equity portfolio. Tiger Legatus leans away…