Wednesday, 29 March 2017
Last updated 4 hours ago
Nov 6 2012 | 12:50pm ET
Tiger Management founder Julian Robertson helped his protégé Bill Hwang's Tiger Asia Management get off the ground 11 years ago. Now, he's doing the same for Hwang's successors.
Tiger and Robertson said yesterday they would seed New York-based Tiger Pacific Capital. The new firm is born from the ashes of Tiger Asia, which closed this year in the face of insider-trading allegations in Hong Kong.
Tiger Pacific is led by three former Tiger Asia partners, Run Ye, Junji Takegami and Hoyon Hwang. Little is known about the fund aside from its Asia focus, its leadership and Robertson's seed, all of which were announced in a Tiger Management press release.
Tiger did not say how much it and Robertson would invest in the new hedge fund.
"Asia is the best area in the world to practice the hedge fund business," Robertson said in a statement.