31 Mar 2021
What happened to Archegos? And could the same thing happen to a local fund?
By Staff Writer
Last week Friday, Archegos Capital Management – a family office in New York City – had to unload $20bn dollars of its shares, due to it not being able to meet its margin obligations to lenders. Consequently, share prices of Chinese companies Baidu and Tencent, plus US stocks such as ViacomCBS and Discovery, crashed.
