Archegos’ Bill Hwang allegedly used $160 billion in leverage to own 70% of one stock – Markets Insider

• Bill Hwang of Archegos Capital allegedly used extreme leverage to amass huge positions in various stocks.
• After being arrested on Wednesday, documents released by the SEC detailed how much Hwang owned as he attempted to control the price of certain stocks.
• These are the seven stocks Hwang controlled before margin calls led to the loss of tens of billions of dollars.

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At its peak, Archegos Capital allegedly utilized $160 billion in leverage to control the prices of various stocks without disclosing its ownership stake.

That’s according to a formal complaint from the Securities and Exchange Commission that was released on the same day Archegos’ Bill Hwang and Patrick Halligan were arrested by the…

Read Full Story: https://markets.businessinsider.com/news/stocks/archegos-bill-hwang-160-billion-leverage-controlled-stocks-viacom-discovery-2022-4

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source: https://news.oneseocompany.com/2022/04/28/archegos-bill-hwang-allegedly-used-160-billion-in-leverage-to-own-70-of-one-stock-markets-insider_2022042818775.html

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