London Daily

London Daily News
Monday, Oct 25, 2021

How to Lose $20 Billion in Two Days

How to Lose $20 Billion in Two Days

It would be hard to find someone who lost as much money as quickly as Bill Hwang did in March 2021. The previously unknown Wall Street whale and his family firm, Archegos Capital, triggered losses of more than $20 billion in just two days. The result was one of the most spectacular implosions in modern financial history. 
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