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Taiwan's Fubon Life sells shares in funds of Tiger Global, 22 others

Tiger Global had invested at least $272m in Southeast Asian startups as of July

Founded in 1993, Fubon Life manages assets worth nearly $150 billion. (Source images from Fubon Life website)

CEBU, Philippines -- Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has disposed of its holdings in funds managed by Tiger Global Management, AEA Investors and 21 other private and hedge funds.

In regulatory filings, the insurer disclosed that it sold 18,068 shares in a fund managed by U.S. dealmaker Tiger Global Management for about $17.79 million.

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