Billions in secret derivatives at centre of Archegos blowup – Economic Times

The forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Hwang’s Archegos Capital Management was provided by banks including Nomura Holdings and Credit Suisse Group through swaps […]

Billions in secret derivatives at heart of Archegos blow-up – The Straits Times

NEW YORK (BLOOMBERG) – The forced liquidation of more than US$20 billion (S$27 billion) in holdings linked to Bill Hwang’s investment firm is drawing attention to the covert financial instruments he used to build large stakes in companies. Much of the leverage used by Mr Hwang’s Archegos Capital Management was provided by banks including Nomura […]