How Stock Bubbles Die – Investment Watch
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If $doge rocketing and a deli worth $100M is not the top, I give up – Investment Watch
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The full postmortem on Archegos Capital won’t be written for a while, but one thing is already clear: This little-known hedge fund run by a trader named Bill Hwang has become the latest lightning rod for Wall Street greed run amok.
Greed may indeed be one of the backstories to this seemingly harmless “family office” (sounds quaint, doesn’t it?) run by an obscure money manager who appeared to come out of nowhere to become one the biggest fish on Wall Street.
But as regulators unravel the Archegos “mystery,” and get a fuller understanding of Hwang’s implosion, they will determine the root causes are far less complex than those mysterious stock swaps Hwang relied on to make his bets.