Archegos Trend 2026

Archegos Capital Management was a family office that collapsed spectacularly in March 2021 after using high-risk, leveraged derivatives called total return swaps. This strategy amplified both gains and losses, leading to massive margin calls and a $10 billion loss for major banks like Credit Suisse and Nomura. While the firm itself is defunct, its legacy serves as a critical case study for regulators and risk managers on systemic leverage and counterparty exposure.