Money Stuff: Archegos was too busy for margin calls
Matt Levine on investment risk-management, Robinhood and Wall Street interns. Here, he analyses the Archegos saga, in particular the credit risk management that centres around its notorious collapse. Did Credit Suisse’s negligence in ensuring a hedge fund has posted enough collateral lead to its billion-dollar losses? Other topics include the potential for success in the run-up to Robinhood’s Initial Public Offering, why early age startups sometimes bend the truth to encourage the belief of their investors and employers and his excitement at the return of the ‘high internet art’ of Business Insider’s Wall Street intern diaries.