Exploring the rise, setbacks, and redemption of a trader from starting a successful hedge fund to pivoting to a family office, navigating legal issues and religious convictions impacting his investing approach, including high-stakes bets that led to significant gains until facing a critical moment in 2021 with ViacomCBS.
Bill Hwang amassed a fortune of $36 billion on Wall Street through his family office, Archegos Capital Management. But over the course of one week in 2021, the firm imploded. Federal prosecutors have since charged Hwang with 11 criminal counts, including securities fraud, wire fraud and racketeering.
Today, Bloomberg’s Sridhar Natarajan and Kathy Burton join host David Gura to discuss Hwang’s rise and fall and why his trial promises to be one of the biggest, and most interesting, in the history of Wall Street.
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