Monday, 22 December 2014
Last updated 3 hours ago
Jun 24 2014 | 10:16am ET
A former Tiger Asia Management analyst is set to launch his own hedge fund next month, with backing from his former boss’ mentor.
Richard Kang’s eponymous firm, Kang Global Investors, will debut at the beginning of July with up to $50 million in seed money from Tiger Management. Tiger Global, which shut down in 2012 in the wake of an insider-trading scandal, was also backed by Tiger, where founder Bill Hwang worked under Tiger chief Julian Robertson.
Kang was an analyst at Tiger Asia, and his new firm is expected to focus on the same region, The Wall Street Journal reports.
In exchange for Tiger’s backing, that firm will receive about 20% of Kang Global’s fees in perpetuity.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.