Skip to content
Subscriber Only

Guggenheim’s Minerd Sees Another Archegos-Style Blowup as ‘Highly Likely’

  • Guggenheim Investments chairman warns fallout may not be over
  • Implosion of Bill Hwang’s family office captivated Wall Street
Bloomberg business news
WATCH: Guggenheim’s Scott Minerd says another Archegos-style implosion is “highly likely.”(Source: Bloomberg)
Updated on

Guggenheim Investments Chairman Scott Minerd said it’s only a matter of time before another firm implodes in a manner similar to Bill Hwang’s Archegos Capital Management.

“It is highly likely that we are going to have another situation like that,” Minerd said Monday in a Bloomberg Television interview. Major losses, such as those incurred by Archegos, “tend to continue to cascade until the market corrects and flushes the risk out of the system,” he said.