Five Questions About Archegos And Its Pricey Meltdown By Ali BEKHTAOUI 04/06/21 AT 4:16 PM The debacle surrounding Archegos Capital Management has caused chaos for major banks, including a $4.7 billion hit Credit Suisse announced on Tuesday. Here is a look at some of the key questions behind Wall Street's latest financial debacle: In ancient Greek, Archegos means "someone who leads the way," an ironic moniker given the implosion of this "family office" built on the fortune of founder Bill Hwang. Such firms, which manage the holdings of ultra-high-net-worth investors, are much more lightly regulated than firms that manage money for the broader investor universe.