A Tiger cub's cub is setting out on his own. Hugh Kim, formerly of Tiger Asia Management, plans to launch a hedge fund.
Kim has founded Greyson Capital Management in New York. The firm plans to launch its maiden hedge fund in the third quarter, HFMWeek reports.
That vehicle will be an Asia-focused long/short equity strategy. There were no other details about the new fund.
Kim, a managing director, left Tiger Asia in March, after almost five years at the firm. He formerly worked at Fenway Partners, doing two stints at the private equity firm, first from 1998 through 2000 and then again from 2002 through 2006. He also worked at McKinsey & Co.
Tiger Asia was founded in 2001 by Bill Hwang, a former equity analyst at legendary hedge fund Tiger Management, which closed in 2000. New York-based Tiger Asia has about $2 billion in assets under management, and is currently facing insider-trading probes in both the U.S. and Hong Kong.