Brett Caughran says SALP’s portfolio construction resembled Archegos more than Melvin Capital or LTCM. He points to reports of 400% gross leverage and concentra

BWB News TV • 2026-08-03 04:26 UTC • By Billy Odell Tucker-Robinson

Brett Caughran says SALP’s portfolio construction resembled Archegos more than Melvin Capital or LTCM. He points to reports of 400% gross leverage and concentrated, directional, illiquid positions — an unusually aggressive risk profile.

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