Archegos Capital Management's Bill Hwang EMILE WAMSTEKER/BLOOMBERGIn 2013, Bill Hwang was determined to pick up the pieces of a once promising hedge fund career that had collapsed. The answer is that in the years after he closed his hedge fund, Hwang went on an incredibly successful trading run. But the Grace and Mercy Foundation tax records also provide a window into what Bill Hwang has been up to in his family office. But the Grace and Mercy Foundation tax records raise as many questions as they help answer. The Grace and Mercy Foundation tax filings, however, show Hwang transferring $500 million of stock—not total return swaps, but the actual shares—to the foundation.

Source: Forbes April 02, 2021 10:30 UTC