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Archegos Is Like a Giant Rock Thrown Into the Market: Virtu Financial CEO

New York Local Video Station

Mar.29 -- Turmoil at Archegos Capital Management, the investment firm of former hedge fund manager Bill Hwang, is rattling financial markets around the globe. Doug Cifu, Virtu Financial CEO and co-founder, speaks with Bloomberg's Romaine Bostick, Joe Weisenthal, Carol Massar, and Tim Stenovec on "What'd You Miss?" about the wrong-way bets by Archegos, following the forced liquidation of over $20 billion in positions linked to the New York-based family office.

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