Tiger Asia's Jahng Readies Hedge Fund

Oct 12 2011 | 1:19pm ET

Get ready for another cub of a Tiger Cub.

John Jahng, formerly of Tiger Asia Management, is set to launch a hedge fund of his own. Jahng's Extolia Management should launch with about US$50 million in commitments from between 10 and 20 investors, HFMWeek reports.

Extolia will invest in Asia, focusing on China, Japan and Korea. It will have between 30 and 60 positions.

Jahng's new fund will follow that of another Tiger Asia veteran, Hugh Kim, who raised $30 million for his Greyson Capital Management earlier this year.

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