Light Street Stung by July Tech Rout, Still Tops Broader Market

But the Tiger Cub headed by Glen Kacher posted double-digit July losses as tech-focused hedge funds slumped, but both remain ahead of the S&P 500 and Nasdaq this year.

Stephen Taub August 6, 2026

Light Street Capital Management, like many other tech hedge funds, suffered a major setback in July.Headed by Tiger Cub Glen Kacher, the firm posted a 16.13 percent loss in its long-short fund and a 13.21 percent drop in its newly constituted long-only fund, which launched

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