Before he lost US$20 billion, Bill Hwang was the greatest trader you had never heard of Trader Bill Hwang. Photo: Bloomberg / Emile Wamsteker
Before he lost it all - all US$20 billion - Bill Hwang was the greatest trader you had never heard of.
Starting in 2013, the Korean-American investor parlayed more than US$200 million left over from his closed hedge fund into a mind-boggling fortune by betting on stocks. Had he folded his hand in early March and cashed in, Hwang, 57, would have stood out among the world s billionaires. There are richer men and women, of course, but their money is mostly tied up in businesses, property, complex investments, sports teams and artwork. Hwang s US$20 billion net worth was mostly liquid. And then, in two short days, it was gone.
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Jaspreet Singh
Pune, India–Cloud data protection and management company Druva on Monday announced it has raised $147 million led by CDPQ, a global investment group, taking its valuation to $2 billion.
The latest funding also has a significant investment by New York-based Neuberger Berman.
Founded by CEO Jaspreet Singh and Milind Borate (co-founder and CTO) in Pune in 2008, the entire R&D work at the company is being done from India.
Druva which has now moved its headquarters to Sunnyvale, California, said in a statement that the new investment will fuel continued expansion of its cloud platform to meet today’s unprecedented needs, and extend the company’s industry leadership as it defines tomorrow’s data protection.
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Canadian pension giant Caisse de dépôt et placement du Québec has led a $147m investment in India-based cloud data pr
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