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The Rise and Fall of Archegos Capital
This chapter explores the high-stakes investment strategies employed by Archegos Capital Management, initiated by a Korean entrepreneur in New York. It details the aggressive use of leverage and total return swaps that led to massive financial gains and subsequent losses, ultimately resulting in legal repercussions and bankruptcy for major banks. The discussion highlights the volatility of the financial markets and the consequences of unchecked greed in the world of high finance.