Archegos Breaks Silence, Saying ‘All Plans Are Being Discussed’

WATCH: Bloomberg's Sridhar Natarajan reports on the fallout from the series of huge block trades initiated by Goldman Sachs and Morgan Stanley, triggered after Archegos Capital Management failed to meet margin calls. (Source: Bloomberg)

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By Hema Parmar

March 30, 2021 at 12:08 AM UTC

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Bill Hwang’s Archegos Capital Management is breaking its silence after soured bets prompted investment banks to hastily unwind its positions.

“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” Karen Kessler, a spokesperson for the firm, said late Monday in an emailed statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”