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Bill Hwang 2021 Who Is Archegos Fund Manager ?

Bill Hwang 2021 Who Is Archegos Fund Manager ?
Archegos

Bill Hwang 2021 Who Is Archegos Fund Manager ?

Bill Hwang Bill Hwang Is ? Archegos Manager Fund Who

Mon, 29 Mar 2021 08:00:00 -0700

The billionaire head of Archegos Capital Management is a former protégé of hedge-fund titan Julian Robertson and had paid to settle an insider-trading case in 

Losses at Archegos Capital Management have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported, and sent the shares of two major investment banks tumbling.

Archegos is run by former Tiger Asia manager Bill Hwang.

What do we know about Mr.

Hwang?

Mr.

Hwang is a former protégé of hedge-fund titan Julian Robertson, who founded Tiger Management in 1980 and turned an initial $8.8 million investment from family and friends into nearly $22 billion before stepping back almost two decades later.

A number of investors trained by Mr.

Robertson who went on to start their own hedge-fund firms became known on Wall Street as the “Tiger cubs.”

Mr.

Hwang managed around $10 billion of family money through Archegos.

The firm made big bets on public stocks in the U.S., Europe and Asia.

Unwinding of his positions caused sharp falls last week in many stocks, including ViacomCBS Inc.

and Discovery Inc., even as broader markets rose.

Mr.

Hwang founded Tiger Asia Management LLC in 2001 with support from Mr.

Robertson.

The firm was based in New York and went on to become one of the biggest Asia-focused hedge funds, running more than $5 billion at its peak.

In 2008, it was one of a swath of funds that suffered losses related to the soaring share price of Germany’s Volkswagen AG .

Tiger Asia handed money back to investors after Mr.

Hwang admitted in December 2012 that the hedge fund criminally used inside information from investment banks at least three times to profit on securities trades.

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Bill Hwang Bill Hwang

Mon, 29 Mar 2021 08:00:00 -0700

The forced liquidation of more than $20 billion in holdings linked to Bill Hwang's investment firm is drawing attention to the covert financial instruments he used 

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– March 29, 2021
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