Bill Hwang’s Tiger Asia down 16% YTD
|May 23rd, 2011||
|Tiger Asia Management LLC’s flagship hedge fund has reportedly fallen 16% this year through May 15th. According to an article from Bloomberg, Tiger Asia’s underperformance can largely be attributed to unsuccessful short bets the hedge fund made against Chinese equities. The hedge fund’s assets under management have fallen from nearly $2 billion at the beginning of the year to just $1.3 billion at the end of April.|
Tiger Asia Management was founded by “Tiger Cub” Bill Hwang in 2001. Before launching Tiger Asia, Hwang was an analyst covering Asian stocks at Julian Robertson’s renowned Tiger Management.
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