|Tiger Asia Management LLC, which was founded by Tiger Management alum Bill Hwang, revealed in a letter to investors this week that it only managed to return 0.5%, after fees, for all of 2010. According to Bloomberg, Tiger Asia’s hedge fund did, however, manage to beat its Chinese and Japanese benchmarks. |
Notably, Tiger Asia Management’s assets under management have fallen to just over $2 billion. The firm’s AUM had stood at 3 billion at the end of the third quarter of 2010. Tiger Asia is currently under investigation for insider trading allegations.