Archegos: A Spectacular Failure In Risk Management

Written by Dan diBartolomeo

A featured article of our July 2021 edition of PRMIA's Intelligent Risk quarterly newsletter

The recent failure of the Archegos hedge fund/family office was a spectacular example of the persistent deficiencies in hedge fund and broker risk management. The fund went from about a $30 Billion position to total collapse, leaving at least $7 Billion in publicly announced losses associated with failed margin calls across prime brokers at Credit Suisse, Nomura, UBS, and Morgan Stanley. A fifth prime broker, Goldman Sachs, has commented only that their losses are “immaterial.” 

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Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.


Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the July 2021 edition with the public. Get more articles like this by joining PRMIA today.

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