What immortal hand or eye: The Archegos affair, Part 1.
A “Family office”. Sounds harmless? Isn’t.
Special edition, only of interest to those with a taste for scandal, disaster, human weakness and prime brokerage. A look back on the Archegos catastrophe. Part 1 of a 2 part series.
Prologue
In the months leading up to March 2021, a family office called Archegos Capital Management built derivative positions in a han…
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