After a ten-year hiatus, Julian Robertson is finally reopening Tiger Management to outside investors, Lawrence Delevingne at AR reports.

The reopening has been rumored for months, and hit its peak when Robertson hired Tiger Management's former chief trader Gil Caffray (who was most recently with Tiger cub Touradji Capital) as chief investment officer in early January.

Prior to that, Roberston recruited former Goldman Sachs exec John Townsend as COO and managing partner.

These high-profile additions made it clear Robertson was planning something; now we know what that something is: the Tiger Accelerator Fund.

"The firm is attempting to raise money for the Tiger Accelerator Fund, a co-seeding vehicle that gives investors a piece of the fee revenue and performance at a group of six Tiger-seeded hedge funds," AR reports.

Robertson has seeded at least 38 hedge fund managers; the chosen six were picked because of a "belief in their merits and superior position for growth."

Tiger Accelerator wants to raise $450 million this summer; the three larger funds will then receive $100 million each, and the three smaller firm's will get $50 million, according to AR .

The funds are:

1. Tiger Eye: Launched in 2009 by Benjamin Gambill, it has $42.5 million AUM and invests in natural resources, financials and industrials.
2. Long Oar: Launched in 2009 by James Davidson, it has about $150 million AUM and invests in cyclicals and industrials
3. Tiger Ratan: Launched in 2009 by Nehal Chopra, it has about $40 million AUM and is a generalist fund
4. Cascabel: Launched in 2008 by Scott Sinclair and Laurence Chang, it has about $158 million AUM and invests in tech, financials, telecom and consumer goods
5. Tiger Veda: Launched in 2005 by Manish Chopra, it has $213 million AUM and is a generalist fund
6. Teewinot: Launched in 2003 by Michael Moriarty, it has about $31 million AUM and is generalist fund

The minimum investment is $5 million, and there's a lock-up for two years.

Now meet the Crimson Cubs: The Killer Hedge Funds emerging from the Harvard Endowment >

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Chase Coleman's hedge fund Tiger Global is out with his latest 13-F detailing  his moves in the first quarter.

Bought:

-- Apple: Bought ~$120 million worth (282,796 shares). Now holds ~$493 million.

-- Netflix: Bought ~$200 million (832,000 shares). Now holds ~$200 million.

-- Amazon: Bought: 410,00 shares. Now holds 1.4 million shares.

Sold:

-- Liberty Global: sold (182,000 shares). Now holds 6,483,000 shares.

-- Liberty Media Corp: sold ~$20 million (887,738 shares). Now holds 2,683,800 shares.

-- Cablevision sold ~$20 million (619,000 shares). Now holds 5,688,344 shares.

-- DIRECTV sold ~$70 million (2,497,500 shares). Now holds 3,827,900 shares.

Is he making a statement? Buying a bunch of new media companies, while dumping cable... certainly looks like it.

For more coverage of the latest hedge fund moves, see here >

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New York-based hedge fund and Julian Robertson-seeded Tiger Asia Management is going to be praying over the next 14 days for some leniency from the Hong Kong high court.

The SFC -- Hong Kong's regulator -- wants to ban Tiger Asia from trading there, and freeze assets it claims were garnered through insider trading.

The high court said it will make a decision on the SFC's proposed ban two weeks from today.

According to Reuters, the SFC has accused "Tiger Asia, its portfolio manager Bill Hwang, and two other executives Raymond Park and William Tomita [of] insider trading and market manipulation in the shares of China Construction Bank Corp (CCB) and Bank of China in 2008 and 2009."

The investigation in Hong Kong triggered an SEC investigation into the hedge fund's trading activities here.

Apparently it's the first case of its kind in Hong Kong,

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Chase Coleman's holdings report reveals a nearly $2 billion stake in Yandex, a Russian IT company that operates the country's biggest search engine.

Coleman's Tiger Global owned 54,058,062 shares worth $1.9 billion , making it his #1 biggest public holding, pushing Apple to #2.

It was known that Tiger Global had a big stake in Yandex as of its May 24 IPO, but not how big.

We'll have the rest of the info about his latest 13f in a moment.

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Hedge fund heavyweight Julian Robertson, the founder of Tiger Management Co., told CNBC's Squawk Box this morning that the industry will always be challenging.

"It's a tough business to be in and it always will be," he said. 

The retired hedge fund manager, who employed, mentored and seeded a bunch of "Tiger Cubs," added the business will only get tougher as more funds form.

"The hedge fund business is getting tougher because there are more hedge funds being created an the reason for that is it's the best way to pay these very competent guys on Wall Street, so they matriculate into hedge funds."

This only creates more competition in the hedge fund space, but Robertson said he thinks hedge funds would prefer to compete against banks and mutual fund rather than other hedge funds.

Despite more hedge funds popping up, Robertson sees the industry have a lot of legs.

"The industry has a lot of legs because it is the best way to run money," he said, adding that, "The easy times are over."

Check out a clip from his interview below.

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Bloomberg Markets Magazine has just released its list of the World's 100 Richest Hedge Funds.

Topping the list this year as the most profitable hedge fund is so-called "Tiger cub" Chase Coleman's Tiger Global long/short equity fund, which is also managed by Feroz Dewan.

Tiger Global, which has approximately $6 billion AUM, had an astonishing YTD total return of 45%, according to Bloomberg Markets Magazine.

Coleman, 36, surpassed a field of veteran hedge funders such as John Paulson, Ken Griffin, Robert Mercer and Peter Brown.

You can see the full rankings here, but we've pulled out the top 25 large (more than $1 billion AUM) hedge fund performers. 

Tiger Asia

Manager: Bill Hwang

Firm/location: Tiger Asia Management, United States

Strategy: Long/short

AUM: $1.3 billion

2011 Total Return: 8.6%

Source: Bloomberg Markets

Macquarie Asian Alpha A

Manager(s): Nick Bird and Andrew Alexander

Firm/location: MQ Portfolio Management, Australia

Strategy: Long/short

AUM: $1.6 billion

2011 Total Return:  8.6%

Source: Bloomberg Markets

Capula Tail Risk

Manager: Yan Huo

Firm/location: Capula Investment Management, U.K. 

Strategy: Tailrisk

AUM: $2.3 billion

2011 Total Return: 8.6%

Source: Bloomberg Markets

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Charles Payson Coleman III, who goes by "Chase," was born into so-called "old money" and he's made himself quite a bit of new money as well.

The 36 year-old hedge fund manager ran 2011's most profitable hedge fund amid volatile markets and economic turmoil, according to Bloomberg Markets Magazine.

His so-called "Tiger cub" Tiger Global long/short equity fund, which is also managed by Feroz Dewan with approximately $6 billion AUM, had an astonishing 2011 total return of 45%, according to the report.

What's more is the young hedge fund manager surpassed a field of veteran hedge funders such as John Paulson, Ken Griffin, Robert Mercer and Peter Brown.

There's no denying it.  Coleman, who lives in a swanky Manhattan apartment and is married to a wealthy and attractive blonde, has lived a more privileged life than others, but he's made stellar returns with the things he's been given.

Coleman grew up in one of America's wealthiest zip codes.

Coleman was raised in Glen Head, an affluent area on New York's Long Island.

Source: Bloomberg Markets Magazine

His father is a corporate attorney and his mother is an interior designer.

Coleman’s father is a partner at corporate law firm Pillsbury Winthrop Shaw Pittman LLP in New York, Bloomberg Markets reported. His mother owns an interior design business.

Fun Fact: Coleman is a descendant of Peter Stuyvesant, the last Dutch governor of New York.

You might remember from history class, that Stuyvesant is the man who built the wall that Wall Street is named after.

Source: Bloomberg Markets Magazine

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Julian Robertson started legendary hedge fund Tiger Management. He is the father of over 40 Tiger Cubs (like Chase Coleman and other uber talented hedgies). In short, he is a hedge fund king.

So pay attention, because he's sharing right now.

Robertson was interviewed in Columbia Business School's newsletter, and a few key snippets of that were picked up by Market Folly. From those, there are two key points that we'll carry with us forever.

First one? Robertson's investment strategy:

"I believe that the best way to manage money is to go long and short stocks. My theory is that if the 50 best stocks you can come up with don't outperform the 50 worst stocks you can come up with, you should be in another business ... For my shorts, I look for a bad management team, and a wildly overvalued company in an industry that is declining or misunderstood."

The second one is even better — it's what it takes for Robertson to take you into his clan and make you a cub by seeding your hedge fund. His criteria is very simple, one question only:

"Competitiveness.  Is he a competitor?"  He references that he often likes athletes due to their will.

Check out more from Market Folly>

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The western Indian state of Maharashtra has issued new directives allowing forest rangers and guards to shoot poachers on sight in the state’s four tiger reserves, the Indian daily DNA reports. The officer will be immune from prosecution.

The order was issued after two tigers and three leopards were found killed in the last few weeks.
“Killing poachers won’t be considered a crime and no case will be registered if the forest staff catch them in the act and open fire,” Forest Minister Patangrao Kadam told reporters, adding that a legal provision had been made to protect staff from “excesses by so-called human right activists.”

Forest officers have also been provided with more, better weapons, 100 vehicles, and additional funds to hire informants to track poachers, according to the Hindustan Times, allowing the officers to maintain a 24x7 vigil on the reserves.

The directive has actually been in place since 2002, when the department first armed its staffers for self-protection, according to The Times of India. But guards were still reluctant to fire their weapons because of being taken to court for human rights violations after firing their weapons. Another factor is lack of training: of 11,000 employees, only 1,000 field staffers know how to use guns.

India has about half of the world's estimated 3,200 tigers (169 of them in Maharashtra, where Mumbai is) in dozens of wildlife reserves, according to the AP. But illegal poaching continues, with tiger parts sold on the black market for traditional Chinese medicine. Fourteen tigers were killed by poachers in India so far in 2012, eight of them in Maharashtra, the Wildlife Protection Society of India says.

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Tiger Asia Management, a New York-based long/short equity hedge fund run by "Tiger Cub" Bill Hwang, will return outside money to investors by the end of this month after a three-year probe by Hong Kong regulators, Bloomberg News' Katherine Burton reports citing a letter.

Bloomberg reports that Hong Kong's Securities and Futures Commission alleges that Tiger Asia Management, which does not actually have employees in Hong Kong, traded on inside information about share placements for China Construction Bank Corp. and Bank of China Ltd. in 2008 and 2009.

Tiger Asia denied those allegations. 

Following the Hong Kong securities regulator's allegations, the Securities and Exchange Commission subpoenaed Tiger Asia in 2010. 

Hwang founded Tiger Asia in 2001 after working for Julian Robertson's Tiger Management, which seeded his hedge fund.  He previously worked at Peregrine Securities and Hyundai Securities. 

During a volatile 2011, Tiger Asia was one of the best performing hedge funds in the world with a total return was 8.6%, according to Bloomberg Markets magazine.

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Tiger Global Management, which invested in Facebook when it was still a private company, just released its 13F regulatory filing.

For the second quarter ended June 30, 2012, Tiger Global Management had 1,958,448 shares in Facebook, the SEC filing shows.

Hedge funds don't have to disclose their holdings in private companies. Facebook debuted as a publicly traded company back in May. 

The filing shows that Tiger Global massively increased its stake in LinkedIn in the quarter.  For Q2, the hedge fund had 3,321,335 million shares in LinkedIn compared with 300,000 in the previous quarter. 

The hedge fund also up its stake in Apple disclosing 1,400,000 shares compared with 1,225,000 in the first quarter. 

SEE ALSO: The fabulous life of Chase Coleman >

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Shares of Facebook have tanked nearly 50% since the social network's highly anticipated initial public offering back in May.  

Of course, anyone who bought Facebook shares on the IPO is feeling the pain. 

However, we do know that there were some early investors in the social network such as hedge fund and private equity firm Tiger Global Management.

Hedge funds don't have to disclose their holdings in private companies, but now that the social network is publicly traded we can see the biggest stake holders (as of the end of Q2) in 13F quarterly reports filed with the SEC.

Here's a rundown of ten hedge funds who owned the most shares of Facebook for the second quarter ended 6/30/2012, according to data compiled by Bloomberg. 

One trend we noticed was that most of these hedge funds are "Tiger Cubs" meaning they were seeded by famed hedge fund manager Julian Robertson, the founder of Tiger Management. The Tiger Cubs are highlighted in red below. 

• Tiger Global Management (Chase Coleman): ~1.95 million shares
• Tiger Consumer Management (Patrick McCormack): ~1.57 million shares
• JAT Capital Management (John A. Thaler): ~1.56 million shares
• Bridger Management LLC (Roberto Mignone): 1.5 million shares
• Hoplite Capital Management (John Lykouretzos): ~1.28 million shares
• Discovery Capital Management (Rob Citrone): ~1.22 million shares
• Pentwater Capital Management: ~1.07 million shares 
• Smithwood Advisers LP: 950,000 shares
• Alyeska Investment Group: 912,050 

SEE: Here Are The Facebook Insiders Who Might Dump Millions Of Shares On Thursday Morning >

SEE ALSO: Here Are Some Mutual Fund Pros Who Got Demolished On Facebook >

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"Tiger Cub" Lee Ainslie III is making a huge turnaround so far this year. 

Bloomberg News Katherine Burton reports that his ~$10 billion AUM long/short equity hedge fund Maverick Capital's biggest fund was up 20% through July.

That's a huge comeback compared to the flagship fund's performance last year.  

In 2011, Ainslie's flagship fund was down 14.85%, Reuters' Katya Wachtel reported earlier this month.  

Ainslie, who previously worked at Julian Robertson's Tiger Management, helped start Maverick back in 1993.  

For more hedge fund performance numbers, read the full Bloomberg report here. 

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Two endangered tiger cubs and their mother have been caught on film in Thailand near the site of a proposed hydroelectric dam.

The black-and-white footage, taken in May, shows a mother tiger investigating a camera trap near the Mae Wong River. After a moment, her two cubs bound through the woods after her.

The tigers are three of the fewer than 300 wild Indochinese tigers left in Thailand, according to the WWF, which released the video of the cubs and mama tiger, along with the Thai Department of National Parks, Wildlife and Plant Conservation.

Panthera tigris corbetti is an endangered subspecies of tiger found only in southeast Asia. Conservation agencies estimate that there are fewer than 1,500 in the wild today, with Thailand hosting a few hundred. According to the advocacy group Tigers in Crisis, one Indochinese tiger is lost to poachers each week, on average. The big cats are also threatened by shrinking habitats and loss of prey. [See Tiger Cubs Video]

Now, environmental groups are crying out against a proposed $400 million dam project on the Mae Wong River. The dam would inundate more than 5,000 acres (2,023 hectares) of land in Mae Wong National Park. The dam, and others planned along with it, would also cut the region's fish supply by 16 percent, according to a study released Monday (Aug. 27) by WWF and the Australian National University. That food supply would have to be replaced by agriculture, according to the report published in the journal Global Environmental Change.

The WWF and other conservation agencies worry that the dam project would also bring new roads into tigers' forest habitat. Those roads, in turn, may bring more poachers into the region.

"The good news is that the footage tells us our tiger conservation efforts are on the right track and that this area is succeeding in helping wild tigers reproduce," Rebecca Ng of WWF's Greater Mekong program said in a statement. "If the dam is built, it will literally wash away years of conservation efforts and risks the future of tigers in Thailand."

The Thai government says that the project will help ease problems of drought and flooding in the region, according to the Bangkok Post. Environmental groups are taking the issue to court, filing a complaint with the country's Central Administrative Court alleging that the prime minister and cabinet violated the constitution by approving the Mae Wong dam before environmental impact studies were completed.

Follow Stephanie Pappas on Twitter @sipappas or LiveScience @livescience. We're also on Facebook & Google+. 

• Gallery: Tiger Species of the World
• Camera Trapped: Elusive Wildlife Caught in Photos
• Image Gallery: One-of-a-Kind Places on Earth

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This little cub is Kiara, and she's an ultra-rare "liliger," reports The Moscow Times.

What exactly is a liliger?

Well, her mother Zita is a liger (the offspring of a male lion and a female tiger), and her father Sam is an African lion.

Kiara was born in August at the Novosibirsk Zoo in Russia, and is currently being nursed by a domestic cat and with a bottle, because her mother stopped producing milk. She's in quarantine until October.

Hybrid creation is a touchy subject, though. Opponents call the practice irresponsible and potentially dangerous, especially if they're kept as pets, according to the Huffington Post.

Here's a video of Kiara for your viewing pleasure:

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AR Magazine's Lawrence Delevingne reports that a bunch of "Tiger Cubs" are throwing a birthday bash for Julian Robertson, the famed investor who seeded and mentored them. 

The party for Robertson, who turned 80 back in June, will take place at Lincoln Center this Saturday beginning at 7 p.m. 

According to AR, John Griffin of Blue Ridge Capital and Chase Coleman of Tiger Global are among the hosts for the event. 

If you were lucky enough to score an invitation, please feel free to send us an email at jlaroche@businessinsider.com with any further details.  We'd also love to check out any photos you take at the party too. 

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Once you've spent a stint at Julian Roberston's hedge fund, Tiger Management, you're marked for life.

Marked how? Well, when Tiger Cub David Gerstenhaber put his Sagaponack vacation home on the market, people noticed (h/t Curbed Hamptons).

The 12,000 square foot, 9 bedroom home probably would have attracted attention anyway, though. It boasts a 6 to 8 car garage, gym with a sauna, a theater, pool and 6 solar cooled terraces.

The listing is held by Corcoran's Tim Davis.

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A private Florida zoo is allowing patrons to take a swim on the wild side.

At Dade City's Wild Things in Dade City, Fla., visitors can take a 30-minute swim with a tiger for $200. For that price, visitors also receive a CD with photos of their experience, "including action shots and posed shots in the water with your cub," according to the website. Anyone who wants to watch the swim has to pay an additional $10.

Young cubs "love the water" and part of their training includes pool time, the zoo's website states. The goal of swimming with the tiger is to incorporate zoo guests into the cub's training.

The cubs are no larger than 40 pounds, which is mandated by a state law prohibiting interactions between people and large cats.

Animal rights activists have spoken out against the zoo's practice of charging visitors for access to the animals, calling it "abusive and dangerous to the animals’ health," according to The Daily Mail.

If you're looking for the bargain version of the experience, you can also take a 20-minute swim with a four-foot gator for $100.

While this new attraction will probably rake in a ton of revenue for the zoo, the idea of playing with a tiger like it's a house cat sounds extremely dangerous, especially for children.

DON'T MISS: We Went To An Extravagant, $250,000 Wedding Last Night—To Celebrate The Marriage Of 2 Dogs

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One of legendary hedge fund manager Julian Robertson's so-called "Tiger Cubs" was charged will illegal trading in Chinese stocks and agreed to settle the charges, the SEC said in a release yesterday. 

The SEC alleged that Bill Hwang and his hedge fund Tiger Asia  used "a pair of trading schemes" where the first  involved using insider information to short sell Chinese stocks and the other manipulating the prices of Chinese stocks.

As a result, the fund was able to reap $16.7 million in illicit profits, the agency said.

Bloomberg News' David Voreacos reports that Hwang and Tiger Asia agreed to pay $16.3 to settle the criminal charges. Hwang and his hedge fund also agreed to pay $44 million to settle the SEC's civil charges, the SEC said in its release.  

Here's part of the SEC's release: 

The SEC alleges that Sung Kook “Bill” Hwang, the founder and portfolio manager of Tiger Asia Management and Tiger Asia Partners, committed insider trading by short selling three Chinese bank stocks based on confidential information they received in private placement offerings. Hwang and his advisory firms then covered the short positions with private placement shares purchased at a significant discount to the stocks’ market price. They separately attempted to manipulate the prices of publicly traded Chinese bank stocks in which Hwang’s hedge funds had substantial short positions by placing losing trades in an attempt to lower the price of the stocks and increase the value of the short positions. This enabled Hwang and Tiger Asia Management to illicitly collect higher management fees from investors.

According to Dealbook's Peter Lattman, Hwang was in Federal District Court in Newark yesterday afternoon where he pleaded guilty to wire fraud on behalf of his hedge fund.

"Hwang today learned the painful lesson that illegal offshore trading is not off-limits from U.S. law enforcement, and tomorrow’s would-be securities law violators would be well-advised to heed this warning," said Robert Khuzami, Director of the SEC’s Division of Enforcement, said in a statement.

The New York Times' Lattman points out that this has to be an embarrassment for Robertson who has financed several hedge fund managers, who were former employees of his, known as the "Tiger Cubs." Some of the prominent Cubs include John Griffin (Blue Ridge Capital) and Lee Ainslie (Maverick).

Hwang founded Tiger Asia in 2001 after working at Tiger Management.  He previously worked at Peregrine Securities and Hyundai Securities. 

All outside capital was returned to investors earlier this year, Bloomberg News reports.

As an aside, during a volatile 2011, Hwang's $1.3 billion long/short equity Tiger Asia was one of the best performing large hedge funds in the world with a total return of 8.6%, according to Bloomberg Markets.

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A camera trap caught video of a mother tiger and her two cubs in a protected Sumatran forest, the first evidence of breeding in this location, conservationists say.

The footage was captured in Sumatra's Sembilang National Park. Scientists from the Zoological Society of London (ZSL) have documented evidence before of the endangered species in nearby Berbak National Park.

The video of these big cats shows the mother and her two youngsters walking past the camera. Scientists said they estimate the cubs are less than a year old, according to a ZSL release.

"This is the best early Christmas present, and we are absolutely delighted to find the first evidence of breeding in Sembilang," said Sarah Christie, ZSL head of regional conservation programs, in a statement.

"We will continue working with leaders of both national parks as well as the government to ensure the areas are better protected and well patrolled."

The finding gives scientists some hope; there are only 300 Sumatran tigers, the smallest of the tiger species, estimated to be in the wild, according to the release. Camera traps have also caught video of tapirs and sunbears in the nearby Berbak forest.

Sembilang and Berbak National Park are some of the only places in the world where these tigers remain, according to the release.

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