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We'll call it a case of biting off more than you can chew.

Tiger Global, the so-called "Tiger Cub" offshoot from Julian Robertson's famed Tiger Management, closed on a new, $13 billion growth fund earlier this year. After adeptly riding the tech wave for more than two decades, the fund was the envy of every 2-and-20 outfit around. Oh, what a difference a 50 bps fed rate hike can make.

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Source Fool.com