BREAKDOWN: Corruption, Leverage and Cheap Money – Archegos and the Fastest Loss of Wealth in History

BREAKDOWN: Corruption, Leverage and Cheap Money – Archegos and the Fastest Loss of Wealth in History

By CoinDesk

A TL;DR on how Archegos went from betting $50B or more to having nothing overnight. 

This episode is sponsored by Nexo.io.

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 ManagementHwang’s conviction for insider tradingHow Hwang leveraged his fund’s performance to get off prime broker blacklistsWhy Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last weekWhat the whole affair says about markets today


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