Bill Hwang spent 25 years building his career, but his downfall took just four days.
and more than $20 billion in ViacomCBS Inc . Archegos derivatives' position was equal to more than 50% of ViacomCBS.
Viacom "held up pretty well today...Would you say that is a sign of strength?," one analyst texted Hwang after he had loaded up on shares to avert a major sell-off. "No. It is a sign of me buying," he replied. Tiger Asia grew quickly to more than $8 billion in assets after generating a dazzling 40% annualized return, according to a 2011 Institutional Investor article.
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