It's getting interesting out there...
Archegos Captial Management - Family Investment, had a site that was online on Saturday morning (I searched it) - now it's down. Allegedly held 5 x margin = approx $15 billion against $80 billion in total. Rumour (twitter) is that the investments banks responsible for margin, agreed between themselves last week, to let the calls unwind in an orderly manner. On Friday, one of the banks began to front-run with massive sells.
A second firm Nomura Holdings acknowledged a $2 billion loss; the firm has also advised that it's financially sound.
It's getting interesting out there... Archegos Captial...
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2,958.8 |
Change
17.070(0.58%) |
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| SP500 (INDEXSP) Chart |
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