How Archegos Capital Lost US$20 Billion In 2 Days | Before he lost it all, Bill Hwang was the greatest trader you’ve never heard of.
Starting in 2013, he parlayed more than US$200 million left over from his shuttered hedge fund into a mind-boggling fortune by betting on stocks. Had he folded his hand in early March and cashed in, Hwang, 57, would have stood out among the world’s billionaires.
And then, in two short days, it was all gone...
In this video, we discuss what went wrong with Archegos Capital, how Hwang lost US$20 billion in a matter of days, as well as the lessons learnt.
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