Archegos’ Bill Hwang Triggers $30B in Large Stock Sales
“It’s unusual for hedge funds to go over maybe three-to-one, that would be a fairly highly leveraged firm, I don’t know Archegos’ books, but if they were leveraged as what’s being described as ten-to-one, that’s extremely high leverage for equities,” James Rickards, attorney and author of Currency Wars: The Making of the Next Global Crisis, told Blockworks.