Investor Bill Hwang set off a storm in the stock market in March when his firm, Archegos Capital Management, and its banks, began liquidating huge positions in blue-chip companies, according to people familiar with the transactions. The sales sent individual stocks swooning and have left at least three banks with major damage. As a family office - a firm generally created to handle the investments of a single wealthy person and a small circle around them - Archegos was essentially unregulated. Please join us for a panel discussion with Professors Gina-Gail Fletcher, Elisabeth de Fontenay, Jim Cox, Lee Reiners, and Lawrence Baxter on why Archegos failed, who got hurt, and what should be done about it.
Sponsored by the Global Financial Markets Center.