6/27/2024
I have done multiple presentations on the Archegos meltdown and now Bloomberg
depicts Archegos last 72 hours.
IN a nutshell, a dozen investment banks around the world lent Bill Hwang's family owned Archegos Fund billions, he only put up 15% of the capital, he bet big on a handful of stocks
growing his wwealth from a few billlion to $326 B in six months and then lost it in three days. Question, why is Bill on trial, how about trying the firms for risking investor money?
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