Legal

Bill Hwang Fights to Keep Tiger Asia Past From Archegos Jury

Hwang’s previous hedge fund pleaded guilty in insider case
Bank of Montreal at first rejected Archegos over Tiger Asia

Bill Hwang, left, arrives at court in New York on May 28.Photographer: Yuki Iwamura/Bloomberg

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By Bob Van Voris and Chris Dolmetsch

May 29, 2024 at 11:25 PM UTC

This article is for subscribers only.

When Archegos Capital Management approached Bank of Montreal about becoming a trading counterparty in 2020, the Canadian bank at first said no.

One big reason was “concerns over the prior issues with Tiger Asia,” Joseph Boccuzzi, a Bank of Montreal risk manager, testified Wednesday at the fraud and market manipulation trial of Archegos founder Bill Hwang.