Hound Partners is suing Tiger Management to terminate their seeding deal, citing Tiger's failure to fulfill marketing obligations since 2021. Hound claims it has been adversely affected by Tiger's lack of referrals, while Tiger counters that the contract remains valid and has not been breached. Hound's hedge funds reported significant gains, with the Variable Beta Fund up 38.6% for the year ending June 2024, and it is launching a new fund with promising back-tested returns.
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