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7 July 2022 (AFR) – Greed drew Goldman to dubious fund

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(7 July 2022, AFR, p28, Aaron PatrickSenior correspondent) – This news article gives a great insight into the workings of some hedge funds.

“You probably haven’t heard of Bill Hwang, but until the COVID-19 pandemic, he ran a $50 billion hedge fund that blew up in one week. The family-owned fund, Archegos, was one of those ridiculously dysfunctional investment vehicles that Wall Street ignores, tolerates and embraces when the money it spins off becomes too lucrative to pass up.”

Read more at AFR.com.

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