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2 mins read
SEC alleges Archegos' Bill Hwang used $160 billion in leverage to own as much as 70% of a single company. These are the 7 biggest stakes he controlled.
"The size of Archegos' exposures to its Top 10 Holdings allowed Archegos to assert a dominant marke…
Matthew Fox
2 mins read
Archegos chief Bill Hwang has been arrested a part of an alleged securities-fraud scheme that helped his doomed fund boost leverage to $160 billion
According to charging documents, Hwang was able to increase the leverage of Archegos to $160 billio…
Matthew Fox
2 mins read
Bill Ackman compares Carl Icahn's embattled company to collapsed fund Archegos
Ackman said the way that Icahn runs his business has been "outed" by Hindenburg Research, and compa…
Zinya Salfiti
1 min read
The SEC is investigating Bill Hwang's Archegos Capital for potential market manipulation, report says
The SEC is looking to see if Archegos bought multiple stakes of the same companies across different…
Matthew Fox
3 mins read
Bill Ackman jabbed at Carl Icahn, touted his new Alphabet wager, and bemoaned the debt-ceiling debacle this week. Here are the key highlights.
Ackman questioned if Icahn has any real friends, explained his Alphabet wager, and warned the clash…
Theron Mohamed
2 mins read
Employees at Bill Hwang's Archegos face losing about $500 million in bonuses after the fund's implosion, report says
Archegos had set up a payment plan under which a large chunk of annual bonuses were deferred, with …
Shalini Nagarajan
2 mins read
The Archegos fiasco has reportedly made life harder for hedge funds investing in SPACs
An analysis of Refinitiv data found that 80% of SPACs that are still in search of a deal are now tr…
Matthew Fox
1 min read
DOJ opens probe into Archegos meltdown that led to $10 billion in losses for banks
Federal prosecutors in Manhattan have sent information requests to several banks that dealt with Ar…
Matthew Fox
2 mins read
Ark Invest's Cathie Wood welcomed the tumble in tech stocks - and revealed Archegos chief Bill Hwang funded the launch of her ETFs
"I love this setup," the star stock-picker said about the tech rout hammering several of her exchan…
Theron Mohamed
1 min read
Archegos may wind down as banks seek to recoup billions in losses, report says
Some banks are drafting "letters of demand" to the firm requesting repayment before filing legal cl…
Isabelle Lee
1 min read
Credit Suisse execs at the heart of the bank's Archegos loss will reportedly depart following $4.7 billion hit
Two Credit Suisse executives will leave after the Swiss lender took a massive loss tied to the coll…
Carla Mozée
1 min read
Nomura to tighten financing for hedge fund clients in the wake of Archegos blowup, new report says
Nomura is limiting margin financing exceptions for some of its hedge fund clients after taking a $2…
Will Daniel
1 min read
Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today
The Grace and Mercy Foundation cashed in Hwang's gifts for $325 million, or roughly a third of thei…
Theron Mohamed
3 mins read
The Archegos meltdown will result in a $10 billion loss for global banks, JPMorgan says
Credit Suisse and Nomura Holdings are the most affected but the Archegos fiasco affects the industr…
Isabelle Lee
2 mins read
Bill Hwang lost around $20 billion in 2 days when his Archegos fund imploded, report says
Hwang's savvy investments saw him grow $200 million into $20 billion in a matter of years, a report…
Harry Robertson
2 mins read
The head of the Senate banking committee wants details from banks linked to Archegos on how an under-the-radar family office caused so much turmoil
The head of the Senate banking committee is calling on lenders for answers about the blow-up of pri…
Carla Mozée
1 min read
Morgan Stanley sold $5 billion in Archegos' stocks just before wave of sales hit rivals, report says
Morgan Stanley sold about $5 billion in shares from Archegos' doomed bets just before a massive fir…
Carla Mozée
3 mins read
Bill Hwang lost $8 billion in 10 days during the Archegos meltdown, reports say
Traders said the loss, which is counted among the largest at any firm since the financial crisis, w…
Isabelle Lee
1 min read
SEC opens investigation into Archegos Capital trades that sparked $20 billion liquidation, report says
The investigation is routine following such a high profile market event, and the probe may not lead…
Matthew Fox
2 mins read
Banks could face up to $10 billion in losses stemming from the Archegos liquidation, JPMorgan says
JPMorgan analysts said they are "puzzled" why Credit Suisse and Nomura were unable to unwind all th…