Corruption, Leverage and Cheap Money: Archegos and the Fastest Loss of Wealth in History
The financial world has been rocked by the Archegos scandal. A family office managing at least $10 billion and betting with $50 billion-$80 billion on leverage that was completely undone, literally overnight. In this episode, NLW breaks down: ...
April 2, 202117m 33s
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Show Notes
The financial world has been rocked by the Archegos scandal. A family office managing at least $10 billion and betting with $50 billion-$80 billion on leverage that was completely undone, literally overnight.
In this episode, NLW breaks down:
- Bill Hwang’s origins in Julian Robertson’s Tiger Management
- Hwang’s conviction for insider trading
- How Hwang leveraged his fund’s performance to get off prime broker blacklists
- Why Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last week
- What the whole affair says about markets today