Investor Julian Robertson still a ‘fan’ of protégé behind Archegos sell-off

Hedge-fund titan Julian Robertson says he still has faith in a former staffer who’s at the center of a massive stock sell-off that’s roiled major Wall Street banks.

Robertson, 88, opened up to Bloomberg News about his friendship with Bill Hwang of Archegos Capital Management, which was reportedly forced to sell more than $20 billion worth of shares after some of his trading positions went south. Robertson said he would still invest money with Hwang — who worked for him at his firm Tiger Management — despite his checkered past and the massive fallout from his latest blowup.