Hedge Fund

Hedge Fund

‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call

Wall Street on Tuesday saw muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses. Using derivatives, Archegos, pronounced “Ar-chee-gos” by the company, maintained ...Read More

Congress Is Calling The CEOs of Reddit, Robinhood, Hedge Funds Citadel and Melvin Capital, Along With Keith Gill aka ‘Roaring Kitty’ aka DeepF*ckingValue Guy To Testify About Their Alleged Trading Shenanigans

By Jack Kelly   The pandemic brought upon us a lot of lunacy. One of the weirder quirks of the covid outbreak was that people found themselves stuck at home with time on their hands and unemployment and stimulus checks in their pockets.   ...Read More