Archegos Founder Bill Hwang Has Been Arrested with 11 Criminal Counts
Archegos founder Bill Hwang and CFO Patrick Halligan were arrested and charged with 11 criminal counts. Federal prosecutors said Bill Hwang used Archegos as an “instrument of market manipulation and fraud.” The hedge fund managed to inflate its…
Tiger Global Hedge Fund Sinks a Massive 34% This Year
Tiger Global has an AUM of $95 billion, that’s $57 billion more than Citadel’s AUM of approximately $38 billion. The monster hedge fund is managed by Chase Coleman, 46, who was up until now considered to be a hedge fund legend. Tiger Global…
Investors To Pull Out $250m From Hedge Fund Coatue Management
Investors are trying to pull out $250 million from hedge fund Coatue Management. However, the hedge fund is not allowing investors to cash out in full. Sources say Coatue Management is withholding $33 million from client redemptions. Let’s break it…
Citadel Pulls $2 Billion From Gabe Plotkin’s Melvin Capital
Citadel just pulled $2 billion from Melvin Capital after the hedge fund has failed to recover from shorting ‘meme stocks’ last year. Melvin Capital lost $6.8 billion in January of 2021 and has not been able to get out of the trenches since.…
