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
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