Bill Hwang's Archegos: A timeline of the fund's spectacular $10 billion failure [Reuters]
Paramount Global - Class A (PARAA)
Company Research
Source: Reuters
Here is a timeline of the fund's blow up - one of the biggest in years - which left global banks with $10 billion in losses: 1996-2001: Hwang, who moved to the United States as a child from South Korea, works at the late billionaire Julian Robertson's pioneering hedge fund , where he hones his stock-picking skills. 2001: Hwang launches his own hedge fund, Tiger Asia Management. The firm was started with seed money from Robertson, making him part of an elite group of the billionaire's protégés dubbed the 2012: Regulatory issues in Hong Kong and the United States lead Tiger Asia Management to shut down in 2012. Hwang pleads guilty to wire fraud relating to illegal trading of Chinese bank stocks and separately pays $44 million to U.S. authorities to settle Report this ad 2013: Hwang turns Tiger Asia into a family office, renaming it Archegos Capital Management in early 2013. March 2020: Operating from his as COVID-19 sweeps New York, Hwang begins amassing huge positions in a
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PARAA
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- 4/29/24 - Beat
PARAA
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- 5/17/24 - Form DEFA14A
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- PARAA's page on the SEC website