02-04-2021 16:06 via feedproxy.google.com

Bill Hwang lost $8 billion in 10 days during the Archegos meltdown, reports say

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Bill Hwang lost $8 billion dollars in 10 days during the Archegos meltdown, The Wall Street Journal reported.
Traders and investors said this is one of the fastest losses they have ever seen.
The fiasco exposed the fragility of the financial system and shed light on more obscure practices such as the use of total return swaps.
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Amid the largest melt down of a firm Wall Street has witnessed since the glo
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