Article: Wall Street Is Donating to This D.A. Candidate. Is That a Problem?

Article - Media, Publications

Wall Street Is Donating to This D.A. Candidate. Is That a Problem?

Jonah E. Bromwich, 13 April 2021

Even had she not raised more money than her rivals, Tali Farhadian Weinstein would be a formidable candidate in the nine-way race to become the Manhattan district attorney, perhaps the most high-profile local prosecutor’s office in the country.

She was a Rhodes scholar, has an elite legal résumé and is the only candidate who has worked for both the Justice Department and a city prosecutor’s office. And while most of the candidates are campaigning as reformers intent on reducing incarceration, Ms. Farhadian Weinstein, 45, has staked out a slightly more conservative position, expressing concerns about guns and gangs. Continue reading “Article: Wall Street Is Donating to This D.A. Candidate. Is That a Problem?”

Article: One of World’s Greatest Hidden Fortunes Is Wiped Out in Days

Article - Media, Publications

One of World’s Greatest Hidden Fortunes Is Wiped Out in Days

Katherine Burton and Tom Maloney,  30 March 2021

From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.

Even on Wall Street, few ever noticed him — until suddenly, everyone did.

Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink. Continue reading “Article: One of World’s Greatest Hidden Fortunes Is Wiped Out in Days”

Subject: Michael E. Novogratz

Subject of Interest

Michael E. Novogratz is the CEO of Galaxy Digital Holdings and a co-founder of Galaxy Digital LP — a cryptocurrency-focused merchant bank based in New York. Formerly a fund manager at the Fortress Investment Group, Novogratz is a noted cryptocurrency proponent, saying in 2017 that at least 20% of his net worth was in Bitcoin and Ether. Prior to joining Fortress, he was a partner at Goldman Sachs where he spent much time abroad. Novogratz is a 1987 graduate of Princeton University.

Michael Novogratz

Galaxy Fund Management