Bill Hwang

Archegos Capital Management founder Bill Hwang was sentenced on Wednesday to 18 years in prison for fraud and market manipulation tied to the fund's dramatic collapse in 2021.  The Details: Hwang was sentenced by U.S. District Judge Alvin Hellerstein in New York to slightly less time than the...

The criminal racketeering trial of Bill Hwang, founder of Archegos Capital Management, began on Wednesday in New York. Hwang and his deputy face charges related to an alleged stock manipulation scheme that led to the fund’s dramatic collapse in 2021, according to Reuters. What Happened: The...

Pershing Square Capital Management founder and CEO Bill Ackman weighed in on billionaire Carl Icahn and his company following the release of a short report by Hindenburg Research. Ackman commented that there were some interesting takeaways from the situation that...

From March 2020 through its collapse in March 2021, Archegos Capital Management, headed by Sung Kook (Bill) Hwang and partners, entered into a manipulative scheme that increased Archego’s bottom line from around $4 billion to $36 billion, according to a SEC ...

George Soros's Investment Company, which shares sold off during the collapse of Bill Hwang's Archegos Capital Management, exited the positions.  What Happened: According to a regulatory submission, the company has sold $194.3 million of CBS Corporation (NASDAQ: VIAC...

George Soros reportedly snapped up stocks that took a hit amid the collapse of Archegos Capital Management in March. What Happened: Billionaire George Soros' investment firm Soros Fund Management bought shares of CBS Corporation (NASDAQ: VIAC), DISCOVERY...

Cathie Wood, the founder, CEO and CIO of Ark Invest, held discussions with Bill Hwang of Archegos Capital about U.S. stocks and, in particular, the media sector back in 2013.  What Happened: In an interview with CNBC, Cathie Wood said hedge fund veteran Hwang provided seed...

Credit Suisse (NYSE: CS) reported a $4.8-billion loss in the first quarter from its exposure to U.S. hedge fund Archegos Capital. But many investors had never heard of Archegos until the fund blew up, severely impacting Credit Suisse, Nomura and a handful of media and tech stocks.. What Is Archegos...

The buzz around Friday's mysterious block trades continues to grow ahead of the new trading week, as traders hold their breath, wondering if the sales were a one-off event or if there is more to come on Monday. What Happened: Speculation has been rampant all weekend over whether one or more...