Even on Wall Street, few ever noticed him – until suddenly, everyone did.

Mr Hwang and his private investment firm, Archegos Capital Management, are now at the centre of one of the biggest margin calls of all time – a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.

Mr Hwang’s most recent ascent can be pieced together from stocks dumped by banks in recent days – ViacomCBS, Discovery, GSX Techedu, Baidu – all of which had soared this year, sometimes confounding traders who couldn’t fathom why.

One part of Mr Hwang’s portfolio, which has been traded in blocks since last Friday (March 26) by Goldman Sachs Group, Morgan Stanley and Wells Fargo & Co, was worth almost US$40 billion (S$54 billion) last week.

Bankers reckon that Archegos’ net capital – essentially Mr Hwang’s wealth – had reached north of US$10 billion. And as disposals keep emerging, estimates of his firm’s total positions keep climbing: tens of billions, US$50 billion, even more than US$100 billion…

It evaporated in mere days.

“I’ve never seen anything like this – how quiet it was, how concentrated, and how fast it disappeared,” said Mr Mike Novogratz, a career macro investor and former partner at Goldman Sachs who’s been trading since 1994. “This has to be one of the single greatest losses of personal wealth in history.”

Late Monday in New York, Archegos broke days of silence on the episode.

“This is a challenging time for the family office of Archegos Capital Management..

The cascade of trading losses has reverberated from New York to Zurich to Tokyo and beyond, and leaves myriad unanswered questions, including the big one: How could someone take such big risks, facilitated by so many banks, under the noses of regulators the world over?

One part of the answer is that Mr Hwang set up as a family office with limited oversight and then employed financial derivatives to amass big stakes in companies without ever having to disclose them. Another part is that global banks embraced him as a lucrative customer, despite a record of insider trading and attempted market manipulation that drove him out of the hedge fund business a decade ago.
..
“Unquote.

Response :Mr Hwang more than $100 billions evaporated in days ! Singapore investments in Myanmar may also suffer huge losses,who knows ? Temasek model is also similar to Mr Hwang method of function with no disclosure at all till the money most gone ! So is it right to continue Temasek model of non disclosure of Ho Ching massive salary ! Wake up,our CPF is indirectly managed by Temasek too !

Singapore and Japan join forces ask US to stop it because they are allies? Wishful thinking?

Then why did MAS direct banks to increase monitoring of money flows in/out of Myanmar?

To fend off potential renewed interest by the Feds of Golden Triangle money?

Ya loh, ya loh:
All these pappy ibs trying to distract people with America lah, China lah. All dare not face pappy problems.

You see through them! Nothing more than distractions. Try to make people forget PAP’s “gaps” and “mistakes” by diverting attention to China and America.

Ya loh, ya loh:
All these pappy ibs trying to distract people with America lah, China lah. All dare not face pappy problems.

All fair minded people knows that politics is about whose fist is big.

Only idiots like you is ignorant and always being make used of as canon fodders.

Americunts, Bricunts, Cheenacunts are all big bully. period.

GE2024.PAP.Guarantee.Win.HuatAgain
Majullah $PAP$ $PAP$ Huat$

Go to Wayang Party facebook, tweeter etc and ask them the following questions:
1. Singaporeans also benefited in the arms sales in term of employments, why Singaporeans never complain? Singaporeans are also murderer right?
2. Likewise Americunts also benefited in the arms sales in term of employments, why Singaporeans never question the Americunts? Americunts sell arms for killing are Angel ?
3. Why is US world’s biggest arms seller for killing and murdering?
https://www.bbc.com/news/business-56397601
4. US ethnic cleansing / genocide of the native Red Indians?
http://santafefilmfestival.com/index/film/whitewashed-the-ethnic-cleansing-of-america/

GE2024.PAP.Guarantee.Win.HuatAgain
Majullah $PAP$ $PAP$ Huat$

Dio leh Luo MO:
@ PAP NO 1 c***sucker
March 23, 2021 at 9:08 pm
You are the one who should give me answer to my questions. Don’t bring the Americans in it’s about Singapore and Myanmar.

First, Dio Nai Ma Gor hai.

Let me give you my answer.
1. Why cannot bring in the Americunts when many of you yellow banana Ang Mo Tua Kee use Americunts as the yardstick of demoncracy?

Since Americunts is Opposition yardstick for demoncracy, so please answer:
1. Why is US world’s biggest arms seller?
https://www.bbc.com/news/business-56397601
2. US ethnic cleansing / genocide of the native Red Indians?
http://santafefilmfestival.com/index/film/whitewashed-the-ethnic-cleansing-of-america/

Hello, WP and all Opposition supporters, before you criticized my great PAP, please go question your AMTK.

GE2024.PAP.Guarantee.Win.HuatAgain
Majullah $PAP$ $PAP$ Huat$