Bloomberg Business

Archegos ‘Friendship’ With Nomura Ended in $3 Billion Loss

Not long before the implosion that would rock Wall Street and threaten Bill Hwang with life in prison, he tapped out an email to a bank that had been vital to the success of his investment fund, Archegos Capital Management.

Why One-Time Exxon Adversary’s Board Picks Backed Mega Deal

(Bloomberg) — When a then little-known fund defeated Exxon Mobil Corp. in a climate-charged activist battle in 2021, snagging three board seats and promising to push a low-carbon future, some wondered if Engine No. 1’s surprise victory signaled the beginning of the end for the oil giant’s fossil-fuel growth.

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