| 13.12.2012 Hedge fund manager Bill Hwang to pay $44m, forfeit $16.7m in gains for illegal trading in Chinese bank stocks |
| From Komfie Manalo, Opalesque Asia –Sung Kook "Bill" Hwang, the founder and portfolio manager of Tiger Asia Management, a $1.2bn New York-based hedge fund firm, and Tiger Asia Partners, pleaded guilty to one count of wire fraud and agreed to pay more than $60m in settlement against criminal and civil charges. The U.S. Securities and Exchange Commission (SEC) accused Hwang and his fir |