March tech losses burn hedge funds

Betting on the growth of technology companies proved to be a dangerous game in March as sharp stock declines burned some prominent hedge fund investors.

Hedge fund firms that suffered stinging losses last month included Viking Global Investors, Coatue Management, JAT Capital and Jericho Capital Partners. Well-known tech investors like Lone Pine Capital, Blue Ridge Capital and others are also now down for the year, likely in part because of investments in the sector.