Investment firm Tiger Global Management LLC has recently disclosed that it has fallen victim to a series of misinformation attacks by a former employee, as stated in a letter seen by Reuters. The attacks stem from a draft article reportedly from The New Yorker, which has been circulating with baseless allegations against the investment firm. Tiger Global has denied these allegations, asserting that they believe a disgruntled former employee is behind the attacks. In response to the draft article, Tiger Global reached out to its investment partners to address the situation.

The nine-page document, which discusses the firm's investment strategy as well as alleged personal improprieties, was supposedly written by an employee who had recently left the company. Tiger Global described the attacks as "packed with lies," and expressed their disappointment that their clients had been subjected to such false narratives. The document, which claims to have been written for The New Yorker magazine, has been denied any involvement by the publication's spokesperson. While it remains unclear how far the document has spread, Tiger Global has been aware of it for several months and reporters for Reuters received a version of it earlier this month.

In light of the attacks, Tiger Global has enlisted the help of experts to assist in addressing the allegations made in the document. However, the firm did not provide further details regarding their chosen experts. In their letter to investors, Tiger Global emphasized their commitment to transparency, stating, "Unlike the anonymous coward spreading this false narrative on the internet, you know who we are." Tiger Global is a renowned investment firm with approximately $50 billion of assets under management. However, the firm's portfolio experienced significant cuts last year due to the decline of tech stocks. Despite these challenges, Tiger Global remains steadfast in countering false allegations and maintaining its reputation in the industry.