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Storylines: The Collapse Of An Oil Empire Hin Leong was one of the most powerful and secretive names in Asia’s oil trading industry. But an epic gamble by its founder Lim Oon Kuin left the company badly exposed, eventually leading to its collapse.
Subscriber OnlyMarketsHedge-Fund Titans Lose Billions to Reddit Traders Running AmokPoint72, D1 and Melvin among industry leaders hit with lossesDay-traders continued to pile into shorted stocks on WednesdayWATCH: Day traders on forums like Reddit drove the GameStop stock surge.Source: BloombergByKatherine Burton, Hema Parmar, and Melissa Karsh+FollowJanuary 28, 2021, 2:28 AM UTCUpdated onJanuary 28, 2021, 11:52 PM UTCFollow Bloomberg on Telegram for all the investment news and analysis you need.For once, Main Street is beating Wall Street.
