Article seems to be wrong on several major points? • "The fund was not overly levered" • "Its risk was not hidden" • "Hwang typically ran dollar-neutral portfolios" • "Analysts had full insight into Archegos’ ... position sizes"https://www.bloomberg.com/opinion/articles/2021-03-30/wall-street-archegos-collapse-is-business-as-usual-not-a-disaster …
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Replying to @macrocephalopod
Aaron is super smart and experienced so this is a strange article. If the fund almost solely trades TRS with half a dozen banks then no-one outside of Archegos knows the true position and excessive leverage is possible and in this case likely.
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Replying to @trelsco
Yeah it is super strange. I've read his book, he seems smart and like he knows what he is talking about!
6:25 AM - 31 Mar 2021
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