It wasn’t just Bill Hwang’s Archegos Capital that got battered by a Friday market implosion. Another secretive Tiger Cub — Tao Li of Teng Yue Partners — was also involved, according to an investor in the fund. Hwang, the founder of now-defunct hedge fund Tiger Asia, ran a heavily leveraged family office and was reportedly the key figure in $35 billion in market losses Friday that sent Discovery, ViacomCBS, and GSX Techedu reeling.
