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

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 Management

Hwang’s conviction for insider trading

How Hwang leveraged his fund’s performance to get off prime broker blacklists

Why Goldman Sachs, Morgan Stanley and others decided to margin call Archegos last week

What the whole affair says about markets today

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