New York Hedge Fund Accused Of Insider Trading In Hong Kong

Aug 21 2009 | 3:31am ET

Hong Kong regulators have accused New York-based hedge fund Tiger Asia Management of insider-trading and market manipulation, moving to freeze some of the fund’s assets.

The Hong Kong Securities and Futures Commission says that Tiger received advanced word of a planned placement of China Construction Bank Corp. stock by Bank of America. The hedge fund was approached about participating in the placement, and did it ever, according to authorities.


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