Launches & Closures

Tiger Asia returning money to investors


Bill Hwang’s New York-based Tiger Asia group is returning funds to investors, according to various recent reports.

The news follows reports in recent years that the firm – which has been managing assets of around $1.2 billion in recent months – has been embroiled in a long-running dispute with Hong Kong’s securities regulator, the Securities and Futures Commission, which accused the firm of insider trading in several companies listed in Hong Kong.

Tiger Asia has no physical presence in Hong Kong but specialises in equity investments in China, Japan and Korea.