Archegos debacle highlights risk for next-gen investors
The financial meltdown of the family office has highlighted a need for greater risk control and a more cautious approach to portfolio diversification among its peers.
Without proactive risk controls, family offices are at increased risk of being caught in the crossfire when hedge funds get over-leveraged, as happened in the recent firesale forced on the banks by Archegos Capital Management.
Family offices in Asia have been digesting the news about the problems surrounding Archegos, a family office run by former Tiger Asia fund manager Bill Hwang.
Last month Archegos defaulted on margin calls from investment banks including Credit Suisse, Nomu…
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