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The Downward Spiral of Bill Hwang and Tiger Asia

The one-time star protégé of Julian Robertson has pleaded guilty to wire fraud on behalf of his firm and settled civil insider trading charges. In the process, he has become a blot on his mentor’s track record of seeding bright young managers.

Back in the summer of 2008, Bill Hwang was riding high, enjoying a reputation as one of the hedge fund industry’s brightest young stars. Hwang — a South Korean immigrant who arrived in the U.S. in 1982 as an 18 year-old who understood but could barely speak English — was

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