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


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 came the New, the Gospels, which called out to the listeners drawn from a path known more for its earthly greed than its godly faith: Wall Street. ....

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Evangelicals could lose billionaire benefactor Bill Hwang


Bill Hwang is CEO and founder of Archegos Capital Management and a trustee at Fuller Theological Seminary. | YouTube/FULLER studio
The evangelical community could lose one of their biggest benefactors after Bill Hwang, a devout Christian and founder of the more than $10 billion Archegos Capital Management investment firm, triggered the liquidation of positions approaching $30 billion in value, and tanked the shares of two major investment banks.
“When the facts come out, my sense is the Bill Hwang blow up will be the most spectacular personal loss of wealth in history,” former hedge fund manager and current CEO of Galaxy Investment Partners, Michael Novogratz, noted in a tweet Monday. ....

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