Archegos Capital


Tencent Music, GSX, Vipshop launch buybacks to counter Archegos sales

Tencent Music, GSX and Vipshop launch buybacks to counter Archegos sales

(ATF) Tencent Music and Vipshop have launched share buybacks, while GSX Techedu chairman and CEO Larry Xiangdong Chen said he would use his own money to buy up to $50 million of its shares, as US-listed Chinese firms tried to counter the effect of over $20 billion of block sales …

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Prime brokerage cuts could lead to further volatility in Chinese shares

Prime brokerage cuts could lead to further volatility in US-listed Chinese stocks

(ATF) Credit Suisse and Nomura saw their shares slump on Monday March 29, as they disclosed likely losses from exposure to Archegos Capital. If they and other banks cut back exposure to funds via their prime broking divisions there could be further forced sales of widely traded stocks.Credit Suisse shares …

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Former Tiger Asia boss Bill Hwang facing another test of faith

Former Tiger Asia boss Bill Hwang facing another test of faith

(ATF) The son of a Korean pastor, Bill Hwang came to the United States when he was a child. He went on to do business degrees at the University of California and Carnegie Mellon. Hwang learnt the stock investment game at Tiger Management, a pioneering hedge fund run by billionaire …

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