Tiger Asia Pleads Guilty To Insider Trading

Dec 13 2012 | 2:18pm ET

Hedge fund Tiger Asia Management pleaded guilty to criminal fraud charges, with founder Bill Hwang admitting that the fund engaged in insider-trading.

Tiger Asia, which has been in hot water for the trades in the stocks of two Chinese banks in Hong Kong for three years, agreed to forfeit more than $16 million to settle the criminal case. The firm, which in August began to return outside capital, was also sentenced to a year of probation.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…