Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures
Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures
Stocks

Credit Suisse bid to head off Archegos crisis ends with rival banks brawling before Goldman sets off fund implosion

  • Forced liquidation of stocks leads to one of the biggest hedge-fund debacles since Long Term Capital Management in 1998
  • Archegos built positions using total return swaps, derivatives that allows family offices to hide their leveraged stock bets from public view

Topic |   Stocks
Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures
Bill Hwang, CEO and founder of Archegos Capital Management. SCMP Pictures
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