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Meet Bill Hwang, the man behind Archegos Capital Management

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A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market.

Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave of forced liquidation at a slew of Wall Street banks, some of which face losses that could be “highly significant.”

Who is behind Archegos?

Archegos Capital Management is the family investment vehicle founded by former Tiger Management analyst Bill Hwang in 2013. He was a protege and one of the so-called “tiger cubs” of legendary hedge fund manager Julian Robertson who mentored and supported…



Source cnbc.com

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