‘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