Archegos Capital Management, a highly leveraged family office, made big headlines in the spring when it incurred billions of dollars in trading losses, not only for itself but also for some of the world’s largest banks. How did Archegos lose so much in just a few days? Did the banks that financed Archegos’ bets have adequate risk controls? How effective are the regulations that oversee family funds, and is more stringent oversight necessary? Could family offices pose a systemic risk to the broader financial system?
Robin Meister ’86, an Adjunct Professor at NYLS and former Head of U.S. Regulatory Affairs for BNA Paribas Asset Management, will discuss these and other questions.