The cited record supports the material proposition.
The SEC said Archegos grew to more than US$36 billion in capital with about US$160 billion in market exposure at its peak in March 2021.
Archegos had over $36 billion in invested capital, on over $160 billion in gross exposures
- Claim made by
- US Securities and Exchange Commission, regulator statement
- Published
- 27 April 2022
- Evidence score
- 82 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The claim is attributed to the SEC. The SEC complaint states that as of 22 March 2021 Archegos had over US$36 billion in invested capital on over US$160 billion in gross exposuresS5. The press release repeats the US$36 billion and US$160 billion figures and the growth from about US$1.5 billion in March 2020S2. The record supports that the SEC said this. The figures are the SEC's own calculation in a civil complaint, so they are allegation-stage estimates, not adjudicated findings. The attributed proposition matches the two SEC documents on the key numbers and the March 2021 peak.
Current procedural position
Figures stated in the SEC civil complaint filed 27 April 2022, allegation stage, not separately adjudicated as of October 2026S2S5.
Record supporting the assessment
Archegos had over $36 billion in invested capital, on over $160 billion in gross exposures
more than $36 billion with $160 billion in exposure at its peak in March 2021
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 82 of 100
The score grades how well the record establishes this assessment. It is not a score of Archegos Capital Management LP. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 26 | 30 | The SEC is competent on what it stated, and the figures sit in its civil complaint as allegations. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 18 | 20 | The complaint states the 36 billion and 160 billion figures directly. |
| CorroborationDo independent records support the same material point? | 11 | 15 | The SEC press release repeats the same figures and press reports echo them. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 10 | 15 | The SEC filing is settled, and the figures remain allegation-stage estimates, not adjudicated. |
| CurrencyHas the record been checked against later developments? | 8 | 10 | Checked to October 2026, no revised official figure found. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 9 | 10 | The complaint and release are public. |
| Total | 82 | 100 |
Timeline
Related cases
- SEC v. Sung Kook (Bill) Hwang, Patrick Halligan, William Tomita, Scott Becker, and Archegos Capital Management, LPUS District Court for the Southern District of New York. Civil. 1:22-cv-03402.Stage: Civil complaint filed, current status not confirmed as of October 2026S5
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- S5Tier A Securities and Exchange Commission v. Sung Kook (Bill) Hwang, et al., ComplaintUS Securities and Exchange Commission. Court filing. 27 April 2022.Supports the case caption 1:22-cv-03402, the US$36 billion capital and US$160 billion gross exposure figures, the use of total return swaps and the billions in counterparty credit losses. It states allegations.
- S2Tier A SEC Charges Archegos and its Founder with Massive Market Manipulation SchemeUS Securities and Exchange Commission. Regulator press release. 27 April 2022.Supports the SEC charges, the swap-based manipulation allegation and the growth and exposure figures. It states allegations, not findings.
Other claims about Archegos Capital Management LP
- Supported90The US Attorney for the Southern District of New York said that Archegos founder Bill Hwang was convicted in July 2024 and sentenced to 18 years in prison with more than US$9 billion in restitution.Regulator statement, 19 December 20244 records citedFraud
- Supported86The SEC alleged in April 2022 that Bill Hwang entered into total return swaps with no economic purpose other than to drive up the prices of the underlying stocks.Regulator statement, 27 April 20223 records citedMarket conduct
- Outdated75News reports in November 2024 said Bill Hwang was sent to prison for 18 years for the Archegos fraud.Press report, 20 November 20243 records citedFraud