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RPT-INSIGHT-Seduced by Archegos' growth, Nomura took a chance on Hwang comeback


RPT-INSIGHT-Seduced by Archegos growth, Nomura took a chance on Hwang comeback
Reuters
4/5/2021
(Repeats story published on Friday.)
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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. ....

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