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Bill Hwang
Sung Kook Hwang (), also known as Bill Hwang, is a South Korean-born American investor, trader and convicted fraudster. He ran Archegos Capital Management, whose default on March 26, 2021 caused major losses to several notable investment banks. In April 2021, ''The Wall Street Journal'' reported that Hwang had lost US$20billion over 10 days in late March, imposing large losses on his bankers Nomura and Credit Suisse. On April 27, 2022, he was indicted on federal charges of fraud and racketeering. The default of Archegos contributed to the eventual collapse of Credit Suisse. Early life Hwang was born in South Korea in 1964. He immigrated to Las Vegas in 1982 with his parents. In 1983, Hwang and his mother moved to Los Angeles after the death of his father in 1983. He worked night shifts at McDonalds to support his family and fund his education. Hwang earned a Bachelor of Arts in economics/business from the University of California, Los Angeles, and a Master of Business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Huang
Bill Huang () is a Chinese businessperson. He was the leader in China Mobile Research Institution in 2007. In 2015, Huang founded CloudMinds Inc. Early life and education Bill Huang was born in China. He graduated from Huazhong University of Science & Technology with a bachelor's degree in Electrical Engineering. After 2 years studying at the University of Illinois, he received master's degree in Electrical Engineering and Computer Science. Career Huang began his career at Bell Laboratories, where he worked as a researcher. In 1994, he joined Unitech Telecom and became the co-founder of UTStarcom Holdings Corp. a year later. After that, Huang developed the operating system WACOS. In 1996, Huang put forward the "Network is the Switch" soft switch concept. That same year, he co-established the International Soft switch Consortium (ISC) and developed the first mobile soft switch system in the world and the first carrier-class streaming media exchange and IPTV system. With ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Crime In The United States
In the United States, a federal crime or federal offense is an act that is made illegal by U.S. federal legislation enacted by both the United States Senate and United States House of Representatives and signed into law by the president. Prosecution happens at both the federal and the state levels (based on the Dual sovereignty doctrine) and so a "federal crime" is one that is prosecuted under federal criminal law and not under state criminal law under which most of the crimes committed in the United States are prosecuted. That includes many acts for which, if they did not occur on U.S. federal property or on Indian reservations or were not specifically penalized, would either not be crimes or fall under state or local law. Some crimes are listed in Title 18 of the United States Code (the federal criminal and penal code), but others fall under other titles. For instance, tax evasion and possession of weapons banned by the National Firearms Act are criminalized in Title 26 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiger Management
Tiger Management Corp. is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and wound down in March 2000-01. It continues to operate in direct public equity investments and seeding new investment funds. It is colloquially known as the "Tiger Fund", with its alumni commonly referred to as " tiger cubs". History Julian Robertson, a stockbroker and former United States Navy officer, started Tiger Management in 1980 with $8 million in capital. By 1996, the fund’s assets had increased to $7.2 billion in value. and On April 1, 1996 ''BusinessWeek'' carried a cover story written by reporter Gary Weiss, called "Fall of the Wizard", that was critical of Robertson's performance and behavior as founder and manager of Tiger Management. Robertson subsequently sued Weiss and ''BusinessWeek'' for $1 billion for defamation. The suit was settled with no money changing hands and ''BusinessWeek'' standing by the substance of its reporti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julian Robertson
Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American hedge fund manager, and philanthropist. Robertson founded Tiger Management, one of the first hedge funds, in 1980. From its inception in 1980 to its 1998 asset peak, his fund returned 31.7% per year after fees, compared to a 12.7% annual return from the S&P 500 over the same period. However, a sharp decline thereafter led to the fund closing in March 2000. Tiger showed losses in only four of its 21 years. Robertson later mentored and provided seed funding to many notable hedge fund managers, known as the ''Tiger cubs'', including Ole Andreas Halvorsen, Stephen Mandel of Lone Pine Capital, Lee Ainslie of Maverick Capital, Bill Hwang, and Chase Coleman III. During his lifetime, Robertson contributed more than US$2 billion to charity. He was also a signatory to The Giving Pledge. At the time of his death, his net worth was estimated at $4.8 billion. Early life Robertson was born on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and insulate returns from beta (finance), market risk. Among these portfolio (finance), portfolio techniques are short (finance), short selling and the use of leverage (finance), leverage and derivative (finance), derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and Exchange-traded fund, ETFs. They are also considered distinct from private-equity fund, private equity funds and other similar cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peregrine Investments Holdings
Peregrine (including Peregrine Investments Holdings Limited and Peregrine Infrastructure Investments Limited) was an investment company based in Hong Kong. It was liquidated following the downturn of the Indonesian economy during the Asian financial crisis, and was acquired by BNP Paribas. History The Founding of the Company Peregrine was founded in 1988 with an initial investment of $38 million by former race car driver Philip Tose and Francis Leung. They had both worked with Citibank in the past and had a large number of connections to Hong Kong's business elite including Li Ka-shing, Gordon Wu and Larry Yung. The company's goal was to profit from the expanding Asian economy by underwriting stocks and bonds to provide capital for the Asian countries, especially the East Asian Tigers.Anthony Spaeth"The Hunt Is Over" ''Time Magazine'', Asia Edition, 26 January 1998, Vol. 151, No. 3, accessed 11 August 2005 Culture The company was characterised as "arrogant", and thrived on ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Capital
Hyundai Capital Services () is a South Korean provider of consumer financial services ranging from auto-financing, private financing, and corporate financing. The company is a financial service unit of Hyundai Motor Group. Hyundai Capital operates in 12 countries – Korea, the U.S., the U.K., China, Germany, Canada, Russia, Brazil, India, Australia, Indonesia, and Singapore. History In December 1993, Hyundai Capital Services was founded under the name Hyundai Auto Finance overlooking automotive and housing finances. In 1999, the company changed its name to Hyundai Capital Services. Hyundai Capital Services started its auto leasing business in 2001 with its inaugural product, "Just Drive." In October 2004, the company established strategic partnership with U.S. conglomerate, General Electric. The partnership paved ways for the companies to share their know-hows and strength in a wide range of businesses including treasury, risk management, finance product design, IT and c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Focus On The Family
Focus on the Family (FOTF or FotF) is an American Christian fundamentalism, Evangelical Protestant organization founded in 1977 in Southern California by James Dobson, based in Colorado Springs, Colorado. The group is one of a number of Evangelicalism, evangelical parachurch organizations that rose to prominence in the 1980s. As of the 2017 tax filing year, Focus on the Family declared itself to be a church, "primarily to protect the confidentiality of our donors". Traditionally, entities considered churches have been ones that have regular worship services and congregants. It most prominently lobbies against LGBT rights — including those related to same-sex marriage, marriage, LGBT adoption, adoption, and LGBT parenting, parenting — labeling it a "particularly evil lie of Satan". The organization also seeks to change public policy in the areas of abstinence-only sex education, sex education, Young Earth creationism, creationism, Abortion law, abortion, school prayer, state- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Business Insider'' (stylized in all caps: BUSINESS INSIDER; known from 2021 to 2023 as INSIDER) is a New York City–based multinational financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the international publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but has also been criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. From ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tepper School Of Business
The Tepper School of Business is the business school of Carnegie Mellon University. It is located in the university's campus in Pittsburgh, Pennsylvania. The school offers degrees from the undergraduate through doctoral levels, in addition to executive education programs. The Tepper School of Business, originally known as the Graduate School of Industrial Administration (GSIA), was founded in 1949 by William Larimer Mellon Sr., William Larimer Mellon. In March 2004, the school received a record $55 million gift from alumnus David Tepper and was renamed the David A. Tepper School of Business. Numerous Nobel Prize, Nobel Prize-winning List of Nobel Memorial Prize laureates in Economics, economists have been affiliated with the school, including alumni Dale T. Mortensen, Oliver Williamson, Edward Prescott, Finn Kydland and faculty members Herbert A. Simon, Franco Modigliani, Merton Miller, Robert Lucas, Jr., Robert Lucas, and Lars Peter Hansen. History In 1946, economist George ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
