One of World’s Greatest Hidden Fortunes Is Wiped Out in Days
bloomberg.com
bloomberg.com
> One part of Hwang’s portfolio, which has been traded in blocks since Friday by Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co., was worth almost $40 billion last week. Bankers reckon that Archegos’s net capital -- essentially Hwang’s wealth -- had reached north of $10 billion. And as disposals keep emerging, estimates of his firm’s total positions keep climbing: tens of billions, $50 billion, even more than $100 billion.
> It evaporated in mere days.
This is the primary gist of the article. The future will tell