Archegos Breaks Silence, Saying ‘All Plans Are Being Discussed’
(Bloomberg) -- 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.”
The massive liquidation of Archegos’s positions have rocked the stock market and left Wall Street buzzing. Kessler works at Evergreen Partners, which specializes in crisis communications and reputation management, according to its website.
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