TOKYO/ NEW YORK -- High-risk assets have recently become the investments of choice as global markets swim in liquidity while interest rates remain at historic lows, spurring worries about another financial crash.
The recent collapse of Archegos Capital Management, a New York investment fund which last month defaulted on highly leveraged margin calls, triggering a massive fire-sale of stocks, shows the risk involved in such trades. Its collapse rippled out to institutions across the world, causing hefty losses.
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