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RPT-INSIGHT-Seduced by Archegos growth, Nomura took a chance on Hwang comeback Reuters 4/5/2021 (Repeats story published on Friday.) Popular Searches By Lawrence Delevingne, Matt Scuffham and Sumeet Chatterjee NEW YORK/HONG KONG, April 2 (Reuters) - U.S. investor Sung Kook Bill Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan s Nomura Holdings Inc gave him one. Nomura had previously had a relationship with Hwang s Tiger Asia Management LLC before the investment firm shut down in 2012 after being punished by U.S. and Hong Kong regulators over insider trading of Chinese stocks. ....
Nomura’s fateful bet on former Tiger Asia manager Hwang’s Archegos FILE PHOTO: A Nomura logo is pictured at the Japanese company s office in the Manhattan borough of New York City, New York, U.S. June 23, 2017. REUTERS/Carlo Allegri/File Photo April 4, 2021 U.S. investor Sung Kook “Bill” Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan’s Nomura Holdings Inc gave him one. Nomura had previously had a relationship with Hwang’s Tiger Asia Management LLC before the investment firm shut down in 2012 after being punished by U.S. and Hong Kong regulators over insider trading of Chinese stocks. ....
Hwang's appetite for huge bets on technology, media and other company stocks in the United States and Asia proved too lucrative for Nomura to resist. ....
The story of how Hwang worked his way back in to Nomura s good graces with the promise of a lucrative trading relationship, details of which are reported here for the first time, underscores the risks Nomura was prepared to take to make headway in the world s most competitive capital market. ....
Seduced by Archegos' growth, Nomura took a chance on Hw yibada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yibada.com Daily Mail and Mail on Sunday newspapers.