Once again a blow-up in an opaque corner of the financial markets made news. This time a family office, Archegos, lost $10 billion dollars after its bets using opaque, securities turned sour. The problem wasn’t just the money the family office lost, but several Too Big To Fail banks managed to lose almost $10 billion dollars themselves as they unwound these securities.
Family Offices and Opaque Securities
Family Offices and Opaque Securities
Family Offices and Opaque Securities
Once again a blow-up in an opaque corner of the financial markets made news. This time a family office, Archegos, lost $10 billion dollars after its bets using opaque, securities turned sour. The problem wasn’t just the money the family office lost, but several Too Big To Fail banks managed to lose almost $10 billion dollars themselves as they unwound these securities.