Bill Hwang
Bill Hwang | |
|---|---|
| Born | Sung Kook Hwang 1964 (age 60–61) South Korea |
| Education | University of California, Los Angeles (BA) Carnegie Mellon University (MBA) |
| Occupation(s) | Investor; trader; convicted fraudster |
| Known for | Archegos Capital Management's 2021 collapse |
| Spouse | Becky Hwang |
| Children | 1 daughter |
| Korean name | |
| Hangul | 황성국 |
| Revised Romanization | Hwang Seongguk |
| McCune–Reischauer | Hwang Sŏngkuk |
Sung Kook Hwang (Korean: 황성국), 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$20 billion 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.