Hwang’s Tiger Asia Ordered to Pay $5.8mn in Insider Trading Case

The penalty, handed down by a Hong Kong court, is the latest blow for the one-time Tiger success story.

Bill Hwang has suffered another major blow in his sad fall from grace.

In late December, a Hong Kong court ordered Hwang, Tiger Asia Management — the hedge fund firm he founded — and one of its officers to pay $5.8 million stemming from charges that the Tiger Cub engaged in illegal insider trading, according to the New York Times.

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