Bill Hwang guilty of illegal trading at Tiger Asia Management

Tiger Asia Management, the New York-based hedge fund run by Bill Hwang, admitted illegally using inside information to trade Chinese bank stocks and agreed to criminal and civil settlements of more than US$60 million.

The hedge fund still faces separate proceedings from Hong Kong's Securities and Futures Commission.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1104927/bill-hwang-guilty-illegal-trading-tiger-asia