Hound Partners Sues Tiger Management to End a Seeding Deal

Hound wants to get out of its seeding arrangement 20 years after it was signed.

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Hedge fund Hound Partners, founded in 2004 by Jonathan Auerbach and seeded by Julian Robertson Jr., on Monday filed a lawsuit in New York State Supreme Court seeking to invalidate its seeding contract. Hound had informed Tiger on August 19 of its plan.

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