Archegos Capital Blows Up to Start the Week

March 29, 2021

Reading Time: 1 minute

What a start to the first day after Spring Break…waking up to headlines of Archegos Capital having to sell off $20 billion in holdings.

What triggered the selloff?

Banks such as Goldman Sachs and Morgan Stanley had forced Archegos to sell off their holdings due to their use of highly leveraged bets (e.g. derivatives).

It will be interesting to see the results after the dust settles.