UBS Takes Surprise $774 Million Archegos Hit

UBS Group said it lost $774 million from the implosion last month of Archegos Capital Management, a bigger hit than analysts expected, deepening the damage caused by the fund.

Ubs Takes Surprise $774 Million Archegos Hit

The Wall Street Journal – by Margot Patrick

UBS Group said it lost $774 million from the implosion last month of Archegos Capital Management, a bigger hit than analysts expected, deepening the damage caused by the fund.

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