Tiger Global Management LLC, the investment firm famous for its smart bets on Facebook and Spotify, said this week that it’s the target of scurrilous attacks by a former employee.
The firm reached out to its limited partners Friday to tell them about an allegedly forthcoming article by The New Yorker magazine that contains “damning and unsubstantiated allegations” about Tiger Global, reports Reuters. The nine-page document details personal improprieties and the firm’s investing strategy and was purportedly written by an employee who has since left Tiger Global.
“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.”
A spokesperson for The New Yorker denied any involvement when contacted by Reuters.