Bill Hwang Fights to Keep Tiger Asia Past From Archegos Jury

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.

Bill Hwang, left, arrives at court in New York on May 28.

Photographer: Yuki Iwamura/Bloomberg

Tiger Asia Management was the hedge fund Hwang ran for more than a decade before founding Archegos in 2013, its name proudly reflecting his status as one of Julian Robertson’s so-called Tiger Cubs.

But Hwang’s lawyers have been trying to ...