all margin call is loan?

Money is just rich man game. U think what happen to him after this? Masuk jail? Beg on the streets? He just gonna declare bankrupt and move on with his life living in mansion and makan buffet everyday. Asset already masuk wife name.

reading stock trading stories like this reminds me of reading my form6 Kimia textbook

haram jadah tak paham langsung

The color red is actually closed higher than open rite...?

TLDR:
- Bill Hwang is a Korean trader worked at the legendary hedge fund manager Julian Robertson's Tiger management, doing what Asians do, he quit the company and went out to set shop after learning a few tricks; suiting his cringy behavior, he even named his fund as "Tiger Asia" .
- He turned out to be a very crooked trader, and committed insider trading by short selling three Chinese bank stocks based on confidential information they received in private placement offerings, he was fined 44 million and banned 5 years from trading since 2013, he was so crooked that Goldman Sachs blacklisted him from doing business with them.
- He set up a new fund named Archegos Capital after finishing the 5 year ban.
- Suiting his Asian behavior, he is a gambler who take high leverage in trading, his margin raised from 1.5 billion to 5 billion in 2020 and from 5 billion to 15 billion in the first 3 months of 2021.
- His portfolio including Viacom and Discovery, it is rumoured that he shorted Gamestop as well.
- Viacom had been profiting from streaming business because people stay home and watch TV during Corona, stock rose from $12 to $100 in a year. The boss look at all the money and decided to issue $3 billion new shares and new price is $85 per share, investment firm downgraded the stock and the stock losses more than 50% of value (Now around $48).
- Bill Hwang and Archegos facing margin call and their position had to be liquidated, since price drop further with their margins adding to the losses.
- His losses amount to $15 billion USD out of $8 billion of his own capital.
- Because of his previous ban and crooked reputation, he couldn't find people to invest in him, and can only operate out of family office only (ie own and friend's money), the losses is likely the largest amount ever lost by a single investor.
- He was also heavily invested in Chinese tech stock, and the margin call caused a significant fallout in China.