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- Jan 24, 2011
- Reaction score
Hedge-fund, Archegos reportedly was unable to meet margin calls and blew up on Friday, forcing 20 billion in stock sales from US and Chinese tech firms. Credit Suisse and Nomura are among those with the largest exposure. As of yet, no one is certain if it will trigger a cascade of unwinding with wider implications or not. It is believed to be the largest hedge-fund default since Long Term Capital Management's implosion in 1998. For now, the US stock market reaction has been fairly muted.
A hedge-fund liquidation has wiped billions from Chinese and US stocks, and no one knows what's going to happen next
Traders and investors are wondering whether more share sales will hit the market Brendan McDermid/Reuters Credit Suisse and Nomura said on Mond...