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'This reminded me a lot of the Long-Term Capital situation': 2 experts in the risky product that triggered Archegos' $20 billion margin call break down the market implications of the blowup - and share how traders can take advantage of the

15 days ago   |   By Business Insider

Summary List Placement It's been called one of the biggest margin calls in market history, and some say it's still not over yet.
The implosion of former Tiger Management trader Bill Hwang's family office Archegos Capital Management spilled out into public view on Friday when Goldman Sachs and Morgan Stanley, two of its prime brokers, liquidated $20 billion of his holdings in block trades.
What unraveled over the weekend took investors' breaths away. First came Nomura Holdings' warning that it is facing about $2 billion worth of losses from the Archegos fallout, then Credit Suisse alerted...
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No one should be surprised at the Archegos blowup, given the 'wild west' nature of the swaps market, Heritage Capital's Paul Schatz says

No one should be surprised at the Archegos blowup, given the 'wild west' nature of the swaps market, Heritage Capital's Paul Schatz says

15 days ago   |   By Business Insider

Summary List Placement The implosion of Archegos Capital over its derivative holdings that went sour should not come as a surprise to anyone, given the opaque and volatile nature of the swaps market in which the US hedge fund invested, Paul Schatz, president and founder of Heritage Capital, said on Monday.
Archegos Capital was forced to dissolve its holdings at the end of last week as it had become unable to meet margin calls from its lenders, sending major entertainment and tech stocks tumbling. The family office was facing financial difficulties even before then and various big banks had...
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