Business Standard

God and man collide in rise and fall of Bill Hwang's life on Wall Street

The story of a mind-boggling fortune made in stealth and then wiped out in a blink has sent shock waves through mighty banks.

Bill Hwang
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Bill Hwang: a former acolyte of hedge fund legend Julian Robertson with a thirst for risk and a stomach for volatile markets.

Katherine Burton, Hema Parmar and Sridhar Natarajan | Bloomberg
With the sun rising outside their conference room in Midtown Manhattan, the visitors to a secretive investment empire bent their heads in prayerful meditation.

It was another Friday morning, 7 o’clock, and a familiar scene was unfolding again inside Archegos Capital Management, an obscure family office that would go on to shake the financial world.

In the days before the pandemic, 20 or 30 people would squeeze together around the long table and, over coffee and Danishes, listen to recordings of the Bible, according to people who were there.

First might come the Old Testament, perhaps Isaiah or Lamentations. Then

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