We dissect the Archegos Capital Management story, and look at Family Offices, Block Orders and the derivatives they used. And also asks whether this flags a new perspective on leverage.
0:00 Start
0:40 Introduction
1:00 Background – What Is A Family Office?
5:40 Total Return Swaps
6:45 Contracts For Difference
8:05 About Prime Brokers
10:05 ViacomCBS and Other Stocks
11:50 Margin Calls
12:50 Attempts To Mitigate Failed
13:20 Block Trades
14:53 The Fall Outs Across Major Banks
17:12 Biggest Hit Since LTCM
18:00 Questions To Ponder – Why Did The Banks Do It?
20;00 $10 Billion Losses
23:12 Is This Overdone?
29:03 My Conclusions – The Consequences Of Over Leverage
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