Most hedge fund managers rake in millions of dollars every year, and many give back by donating large sums of money to charity on a regular basis, including through their own foundations. Archegos Capital founder Bill Hwang, who founded Tiger Asia Management and managed it until it was shut down in 2012, is one of those who uses their own foundation to dole out their fortunes.
His legal problems and upcoming trial on fraud charges notwithstanding, we can get an idea about Hwang's favorite fund managers by reviewing his foundation's annual filing. According to the 990 for its 2021 fiscal year, which was filed in November 2022, The Grace and Mercy Foundation had $662 million in assets at the end...
