An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters
An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters
Hedge funds

Bill Hwang’s Archegos Capital may have inflicted US$10 billion in total losses for the world’s banks and brokers from Wall Street to Zurich and Tokyo, JPMorgan says

  • Losses from trades unwinding related to Archegos will be “very material”, JPMorgan analysts led by Kian Abouhossein wrote
  • JPMorgan had previously estimated losses in the range of US$2 billion to US$5 billion

Topic |   Hedge funds
An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters
An employee of Tokyo Stock Exchange reacts at its trading room in Tokyo February 24, 2009. Photo: Reuters
READ FULL ARTICLE