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2021-03-29

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Large block trades tied to Archegos raise worries about trading this week<blockquote>与Archegos相关的大宗交易引发了人们对本周交易的担忧</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":352734785,"tweetId":"352734785","gmtCreate":1617003471347,"gmtModify":1634523198499,"author":{"id":3561372080084553,"idStr":"3561372080084553","authorId":3561372080084553,"authorIdStr":"3561372080084553","name":"weichwen","avatar":"https://static.tigerbbs.com/c43f5200bd55a5587cd8e37c2ea99825","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":13,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Pls like</body></html>","htmlText":"<html><head></head><body>Pls like</body></html>","text":"Pls like","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/352734785","repostId":1149839668,"repostType":4,"repost":{"id":"1149839668","kind":"news","pubTimestamp":1617002672,"share":"https://www.laohu8.com/m/news/1149839668?lang=zh_CN&edition=full","pubTime":"2021-03-29 15:24","market":"us","language":"en","title":"Large block trades tied to Archegos raise worries about trading this week<blockquote>与Archegos相关的大宗交易引发了人们对本周交易的担忧</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149839668","media":"Reuters","summary":"(Reuters) - A number of large block trades on Friday, which investors said caused big drops in the s","content":"(Reuters) - A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days.<blockquote>（路透社）-一位知情人士称，周五的一些大宗交易与Archegos Capital investment fund有关，投资者称这些交易导致一些公司的股票大幅下跌，这些交易引发了人们对未来几天交易波动的担忧。</blockquote>Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.<blockquote>维亚康姆哥伦比亚广播公司(ViacomCBS)和探索频道(Discovery)的股价周五分别下跌约27%，而在美国上市的百度和腾讯控股音乐(China Music)的股价本周暴跌，较周二收盘水平分别下跌33.5%和48.5%。百度股市开盘小幅走低。</blockquote>Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.<blockquote>投资者和分析师指出，周五大量维亚康姆和Discovery股票上市可能会加剧这些股票的下跌。维亚康姆周五也被富国银行下调了评级。</blockquote>The block trades were linked to sales of holdings by Archegos, a source familiar with the situation said, confirming reports elsewhere. CNBC reportedhereon Saturday that the selling pressure was due to liquidation of positions by family office Archegos Capital Management, citing a source with direct knowledge of the situation. The link with Archegos was also earlier reported by IPO Edgehere.<blockquote>一位知情人士称，大宗交易与Archegos出售持股有关，这证实了其他地方的报道。CNBC周六援引一位直接了解情况的消息人士的话报道称，抛售压力是由于家族办公室Archegos Capital Management平仓造成的。IPO Edgehere早些时候也报道了与Archegos的联系。</blockquote>A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.<blockquote>周六接电话的Archegos一位人士拒绝置评。根据该基金网站的页面截图，Archegos由Bill Hwang创立，他在2001年至2012年期间创立并经营Tiger Asia，后来将其更名为Archegos Capital，并将其定为家族办公室。Tiger Asia是一家总部位于香港的基金，旨在通过押注亚洲证券获利。</blockquote>Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.<blockquote>根据Archegos的网站here，在创办Tiger Asia之前，Hwang是Tiger Management的股票分析师。朱利安·罗伯逊(Julian Robertson)经营的老虎管理公司(Tiger Management)是一家非常成功的对冲基金，该基金于2000年返还了投资者的资金并关闭了该基金。</blockquote>Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.<blockquote>根据当时的新闻稿，黄于2012年解决了美国证券交易委员会的内幕交易指控。据新闻稿称，他和他的公司当时同意支付4400万美元和解。</blockquote>VOLATILITY CONCERNS<blockquote>波动性担忧</blockquote>Some market participants said last week’s wild moves were likely to make investors increasingly cautious.<blockquote>一些市场人士表示，上周的疯狂举动可能会让投资者越来越谨慎。</blockquote>“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”<blockquote>“这太疯狂了，”OANDA高级市场分析师爱德华·莫亚(Edward Moya)表示。“当你考虑到其中一些公司在过去几个月里如何飙升时，就会有人担心我们杠杆率过高。”</blockquote>Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&amp;P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.<blockquote>其他市场参与者表示，潜在的平仓对大盘的影响有限。尽管维亚康姆和其他股票大幅抛售，但纳斯达克综合指数和标普500周五均飙升超过1%。</blockquote>“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”<blockquote>Baird市场策略师Michael Antonelli表示：“这些围绕基金清算的故事时有发生。”“周五进行大宗交易的一些公司近期可能会出现一些波动，因为交易员想知道抛售是否完成。”</blockquote>Mike O’Rourke, chief market strategist at JonesTrading said he expected the trades to “largely be done.”<blockquote>JonesTrading首席市场策略师Mike O’Rourke表示，他预计交易“基本完成”。</blockquote>“The prime brokers made lots of noise in marketing these blocks,” O’Rourke said. “They knocked the stocks down aggressively in order to get the trades done.”<blockquote>“大宗经纪商在营销这些区块时制造了很多噪音，”奥罗克说。“为了完成交易，他们大幅压低股票。”</blockquote>O’Rourke added that prime brokers typically go long the remnants of the position, and he expected most of the names involved in the block trades to be “gapping up significantly higher” in premarket trading.<blockquote>奥罗克补充说，大宗经纪商通常会做多剩余头寸，他预计大多数参与大宗交易的股票在盘前交易中“跳空大幅走高”。</blockquote>In more potentially unnerving news for investors, Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary although traders were not clear whether it was related to Archegos.<blockquote>对于投资者来说，更可能令人不安的消息是，日本野村控股公司周一表示，一家美国子公司可能亏损20亿美元，尽管交易员不清楚这是否与Archegos有关。</blockquote>BANKS INVOLVED<blockquote>涉及银行</blockquote>A number of banks were involved in the block sales. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved in the large blocktrades. The Financial Times reported that Morgan Stanley sold $4billion worth of shares early on Friday, followed by another$4 billion in the afternoon.<blockquote>多家银行参与了大宗销售。一位知情人士周六表示，高盛集团参与了大宗交易。英国《金融时报》报道称，摩根士丹利周五早些时候出售了价值40亿美元的股票，随后下午又出售了40亿美元。</blockquote>A source familiar with the matter said Deutsche Bank was involved with the block trades as well. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman sold$6.6 billion worth of shares of Baidu Inc , Tencent Music Entertainment Group and Vipshop Holdings Ltd, before the U.S. market opened on Friday, the Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.<blockquote>一位知情人士称，德意志银行也参与了大宗交易。彭博社和英国《金融时报》周六报道称，高盛在大宗交易中清算了价值超过100亿美元的股票。彭博社周六的报道称，彭博社看到的一封致客户的电子邮件bloom.bg/3lyOrzm称，高盛在周五美国市场开盘前出售了百度公司、腾讯控股音乐娱乐集团和唯品会控股有限公司价值66亿美元的股票。报告称，此后，高盛出售了inViacomCBS Inc、Discovery Inc、Farfetch Ltd、爱奇艺Inc和跟谁学公司价值39亿美元的股票。</blockquote>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru; Editing by Paul Simao and Jane Wardell<blockquote>Megan Davies、Ira Iosebashvili和Kenneth Li在纽约的报道，Juby Babu在本加卢鲁的补充报道；保罗·西芒和简·沃德尔编辑</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Large block trades tied to Archegos raise worries about trading this week<blockquote>与Archegos相关的大宗交易引发了人们对本周交易的担忧</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLarge block trades tied to Archegos raise worries about trading this week<blockquote>与Archegos相关的大宗交易引发了人们对本周交易的担忧</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nReuters2021-03-29 15:24\n\n</h4>\n</header>\n<article>\n(Reuters) - A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days.<blockquote>（路透社）-一位知情人士称，周五的一些大宗交易与Archegos Capital investment fund有关，投资者称这些交易导致一些公司的股票大幅下跌，这些交易引发了人们对未来几天交易波动的担忧。</blockquote>Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.<blockquote>维亚康姆哥伦比亚广播公司(ViacomCBS)和探索频道(Discovery)的股价周五分别下跌约27%，而在美国上市的百度和腾讯控股音乐(China Music)的股价本周暴跌，较周二收盘水平分别下跌33.5%和48.5%。百度股市开盘小幅走低。</blockquote>Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.<blockquote>投资者和分析师指出，周五大量维亚康姆和Discovery股票上市可能会加剧这些股票的下跌。维亚康姆周五也被富国银行下调了评级。</blockquote>The block trades were linked to sales of holdings by Archegos, a source familiar with the situation said, confirming reports elsewhere. CNBC reportedhereon Saturday that the selling pressure was due to liquidation of positions by family office Archegos Capital Management, citing a source with direct knowledge of the situation. The link with Archegos was also earlier reported by IPO Edgehere.<blockquote>一位知情人士称，大宗交易与Archegos出售持股有关，这证实了其他地方的报道。CNBC周六援引一位直接了解情况的消息人士的话报道称，抛售压力是由于家族办公室Archegos Capital Management平仓造成的。IPO Edgehere早些时候也报道了与Archegos的联系。</blockquote>A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.<blockquote>周六接电话的Archegos一位人士拒绝置评。根据该基金网站的页面截图，Archegos由Bill Hwang创立，他在2001年至2012年期间创立并经营Tiger Asia，后来将其更名为Archegos Capital，并将其定为家族办公室。Tiger Asia是一家总部位于香港的基金，旨在通过押注亚洲证券获利。</blockquote>Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.<blockquote>根据Archegos的网站here，在创办Tiger Asia之前，Hwang是Tiger Management的股票分析师。朱利安·罗伯逊(Julian Robertson)经营的老虎管理公司(Tiger Management)是一家非常成功的对冲基金，该基金于2000年返还了投资者的资金并关闭了该基金。</blockquote>Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.<blockquote>根据当时的新闻稿，黄于2012年解决了美国证券交易委员会的内幕交易指控。据新闻稿称，他和他的公司当时同意支付4400万美元和解。</blockquote>VOLATILITY CONCERNS<blockquote>波动性担忧</blockquote>Some market participants said last week’s wild moves were likely to make investors increasingly cautious.<blockquote>一些市场人士表示，上周的疯狂举动可能会让投资者越来越谨慎。</blockquote>“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”<blockquote>“这太疯狂了，”OANDA高级市场分析师爱德华·莫亚(Edward Moya)表示。“当你考虑到其中一些公司在过去几个月里如何飙升时，就会有人担心我们杠杆率过高。”</blockquote>Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&amp;P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.<blockquote>其他市场参与者表示，潜在的平仓对大盘的影响有限。尽管维亚康姆和其他股票大幅抛售，但纳斯达克综合指数和标普500周五均飙升超过1%。</blockquote>“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”<blockquote>Baird市场策略师Michael Antonelli表示：“这些围绕基金清算的故事时有发生。”“周五进行大宗交易的一些公司近期可能会出现一些波动，因为交易员想知道抛售是否完成。”</blockquote>Mike O’Rourke, chief market strategist at JonesTrading said he expected the trades to “largely be done.”<blockquote>JonesTrading首席市场策略师Mike O’Rourke表示，他预计交易“基本完成”。</blockquote>“The prime brokers made lots of noise in marketing these blocks,” O’Rourke said. “They knocked the stocks down aggressively in order to get the trades done.”<blockquote>“大宗经纪商在营销这些区块时制造了很多噪音，”奥罗克说。“为了完成交易，他们大幅压低股票。”</blockquote>O’Rourke added that prime brokers typically go long the remnants of the position, and he expected most of the names involved in the block trades to be “gapping up significantly higher” in premarket trading.<blockquote>奥罗克补充说，大宗经纪商通常会做多剩余头寸，他预计大多数参与大宗交易的股票在盘前交易中“跳空大幅走高”。</blockquote>In more potentially unnerving news for investors, Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary although traders were not clear whether it was related to Archegos.<blockquote>对于投资者来说，更可能令人不安的消息是，日本野村控股公司周一表示，一家美国子公司可能亏损20亿美元，尽管交易员不清楚这是否与Archegos有关。</blockquote>BANKS INVOLVED<blockquote>涉及银行</blockquote>A number of banks were involved in the block sales. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved in the large blocktrades. The Financial Times reported that Morgan Stanley sold $4billion worth of shares early on Friday, followed by another$4 billion in the afternoon.<blockquote>多家银行参与了大宗销售。一位知情人士周六表示，高盛集团参与了大宗交易。英国《金融时报》报道称，摩根士丹利周五早些时候出售了价值40亿美元的股票，随后下午又出售了40亿美元。</blockquote>A source familiar with the matter said Deutsche Bank was involved with the block trades as well. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman sold$6.6 billion worth of shares of Baidu Inc , Tencent Music Entertainment Group and Vipshop Holdings Ltd, before the U.S. market opened on Friday, the Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.<blockquote>一位知情人士称，德意志银行也参与了大宗交易。彭博社和英国《金融时报》周六报道称，高盛在大宗交易中清算了价值超过100亿美元的股票。彭博社周六的报道称，彭博社看到的一封致客户的电子邮件bloom.bg/3lyOrzm称，高盛在周五美国市场开盘前出售了百度公司、腾讯控股音乐娱乐集团和唯品会控股有限公司价值66亿美元的股票。报告称，此后，高盛出售了inViacomCBS Inc、Discovery Inc、Farfetch Ltd、爱奇艺Inc和跟谁学公司价值39亿美元的股票。</blockquote>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru; Editing by Paul Simao and Jane Wardell<blockquote>Megan Davies、Ira Iosebashvili和Kenneth Li在纽约的报道，Juby Babu在本加卢鲁的补充报道；保罗·西芒和简·沃德尔编辑</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.reuters.com/article/us-usa-markets-blocktrades/banks-warn-on-losses-after-archegos-capital-stock-unwind-idUSKBN2BK0OR\">Reuters</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9fa7c522340c9f1e78e78f0c1543440e","relate_stocks":{},"source_url":"https://www.reuters.com/article/us-usa-markets-blocktrades/banks-warn-on-losses-after-archegos-capital-stock-unwind-idUSKBN2BK0OR","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149839668","content_text":"(Reuters) - A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days.Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged during the week, dropping as much as 33.5% and 48.5%, respectively, from Tuesday’s closing levels. Baidu was trading slightly lower in Hong Kong at the open.Investors and analysts cited blocks of Viacom and Discovery shares being put in the market on Friday for likely exacerbating the decline in those stocks. Viacom was also downgraded by Wells Fargo on Friday.The block trades were linked to sales of holdings by Archegos, a source familiar with the situation said, confirming reports elsewhere. CNBC reportedhereon Saturday that the selling pressure was due to liquidation of positions by family office Archegos Capital Management, citing a source with direct knowledge of the situation. The link with Archegos was also earlier reported by IPO Edgehere.A person at Archegos who answered the phone on Saturday declined to comment. Archegos was founded by Bill Hwang, who founded and ran Tiger Asia from 2001 to 2012, when he renamed it Archegos Capital and made it a family office, according to a page capturehereof the fund's website. Tiger Asia was a Hong Kong-based fundherethat sought to profit on bets on securities in Asia.Prior to starting Tiger Asia, Hwang was an equity analyst for Tiger Management according to Archegos' websitehere. Tiger Management, run by Julian Robertson, was a hugely successful hedge fund, which returned investor money and shutherein 2000.Hwang in 2012 settledhereinsider trading charges by the U.S. Securities and Exchange Commission according to a press releasehereat the time. He and his firms at the time agreed to pay $44 million to settle, according to the release.VOLATILITY CONCERNSSome market participants said last week’s wild moves were likely to make investors increasingly cautious.“It’s insane,” said Edward Moya, senior market analyst at OANDA. “When you consider how some of these companies have skyrocketed over the last few months, there will be concerns that we are over-levered.”Other market participants said potential unwinds would only have a limited impact on broader markets. The Nasdaq Composite and S&P 500 both surged over 1% on Friday despite the sharp selloffs in Viacom and other stocks.“These stories around fund liquidations happen from time to time,” said Michael Antonelli, market strategist at Baird. “Some of the names where big blocks were traded on Friday might see some near-term volatility as traders wonder whether the selling is complete.”Mike O’Rourke, chief market strategist at JonesTrading said he expected the trades to “largely be done.”“The prime brokers made lots of noise in marketing these blocks,” O’Rourke said. “They knocked the stocks down aggressively in order to get the trades done.”O’Rourke added that prime brokers typically go long the remnants of the position, and he expected most of the names involved in the block trades to be “gapping up significantly higher” in premarket trading.In more potentially unnerving news for investors, Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary although traders were not clear whether it was related to Archegos.BANKS INVOLVEDA number of banks were involved in the block sales. A source familiar with the matter said on Saturday that Goldman Sachs Group Inc was involved in the large blocktrades. The Financial Times reported that Morgan Stanley sold $4billion worth of shares early on Friday, followed by another$4 billion in the afternoon.A source familiar with the matter said Deutsche Bank was involved with the block trades as well. Bloomberg and the Financial Times on Saturday reported thatGoldman liquidated more than $10 billion worth of stocks in the block trades. An email to clients seen by Bloomberg Newsbloom.bg/3lYOrZmsaid Goldman sold$6.6 billion worth of shares of Baidu Inc , Tencent Music Entertainment Group and Vipshop Holdings Ltd, before the U.S. market opened on Friday, the Bloomberg report on Saturday said. Following this, Goldman sold $3.9 billion worth of shares inViacomCBS Inc, Discovery Inc, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc, according to the report.Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, additional reporting by Juby Babu in Bengaluru; Editing by Paul Simao and Jane Wardell","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":243,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/352734785"}