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Hedge-Fund Archegos Capital Management Blows Up- Nobody Sure What's Next

D-FENZ

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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.

 

Buck

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:popcorn::popcorn:

i've got my microwave on emergency stand-by
 

Unca Walt

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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.
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Goldhedge

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Wonder if Reddit's GME boys with diamond hands had a part in this....?
 

Goldhedge

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"Donovan said that the sales were so far relatively small and that the issue was unlikely to cause widespread damage."

Until it does....
 

Jodster

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"Donovan said that the sales were so far relatively small and that the issue was unlikely to cause widespread damage."

Until it does....
Related spikes in toilet paper are mostly for Wall Street execs