By Jonathan Stempel Archegos' Bill Hwang deserves 21 years in prison, US says NEW YORK, - Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. Prosecutors accused Hwang of …
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. Bill Hwang is a ‘Tiger cub.’ Mr. Hwang is a former protégé of hedge-fund titan Julian Robertson, who …
