Launches & Closures

Tiger Asia returns money to investors

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Bill Hwang’s New York-based Tiger Asia group is returning money 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 and Futures Commission, which accused the firm of insider trading in several Hong Kong-listed companies.

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