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Her flagship fund ARK, which had a dramatic breakout during the pandemic, is way off its peak. But for the superstar portfolio manager, there’s always five years from now. ....
by Tyler Durden Saturday, May 08, 2021 - 10:54 AM Just hours after we wrote an article titled ARKegos Looming on Thursday, which compared ARK Invest s Cathie Wood to Bill Hwang and started to ask some critical, pointed questions about how many times ARK can closely sheer the NASDAQ sheep from which it is making its living, the firm s matriarch appeared on CNBC late on Friday for some urgent damage control an interview about the recent performance of her funds. Her flagship ARKK fund is now down about 31% off its 52 week and all time highs near $151 per share. During Wood s CNBC interview on Friday, she admitted on national television what we had been reporting weeks ago: ....
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. ....
Bill Hwang Had $20 Billion, Then Lost It All In Two Days ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.