Vincent Boland: Fall of Archegos could change how the stock market is played
The collapse of the hedge fund, which built a $36 billion house of cards, may be one catalyst among many for the most sweeping reforms of the stock market in decades
A bizarre little saga unfolded in the stock market just over a year ago, involving the collapse of a hedge fund known as Archegos Capital Management. Last week the saga became even more bizarre, and decidedly un-little, when the man who founded it, an investor named Bill Hwang, was arrested in New York by federal prosecutors on foot of criminal charges including fraud, stock price manipulation and racketeering.
The criminal case, and a separate civil ...