Private Equity

Bill Hwang Built A $10B Investment Firm. It Fell Apart In Days.

by moneycontrol.com posted 5months ago 25 views
Bill Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. : Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas Until recently, Bill Hwang sat atop one of the biggest — and perhaps least-known — fortunes on Wall Street. Then his luck ran out. Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks.

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