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“人类史上最大单日亏损”
韩国投资人Bill Hwang旗下的Archegos Capital爆仓，造成中概和美国媒体股暴跌，全球市场为之震撼。
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曼曼谈理财
曼曼谈理财
·
2021-04-06
史诗级爆仓Archegos，几天内损失80亿美元，拖累六家投行的Bill Hwang是何许人也？
史诗级爆仓Archegos，几天内损失80亿美元，拖累六家投行的Bill Hwang是何许人也？
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史诗级爆仓Archegos，几天内损失80亿美元，拖累六家投行的Bill Hwang是何许人也？
雄哥价值投资
雄哥价值投资
·
2021-03-31
买买买
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Alastair2021
Alastair2021
·
2021-03-31
基建利好哪些股？
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飞车手
飞车手
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2021-03-31
666
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飞车手
飞车手
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2021-03-31
666
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Justin_L
Justin_L
·
2021-03-31
这韩国佬是个狼人。
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飘缈
飘缈
·
2021-03-31
那个老虎是不是这个老虎
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迈耀司
迈耀司
·
2021-03-31
时间错误，维亚康姆是3.23日周二宣布增发的
一文读懂Bill Hwang如何让华尔街感到恐惧
投资者Bill Hwang最近在股市掀起了一场风暴，他的公司Archegos Capital Management及其旗下银行开始清算蓝筹股公司的巨额头寸。抛售导致个股暴跌，至少有两家银行遭受重大损失
一文读懂Bill Hwang如何让华尔街感到恐惧
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Ikhas
Ikhas
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2021-03-31
月末好文
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Ilovegrace
Ilovegrace
·
2021-03-31
叫“野村”的男人都是狠人
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De_jun
De_jun
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2021-03-31
又出来使坏了
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日近长安远
日近长安远
·
2021-03-31
起了个dnvZagxi
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HunterRen
HunterRen
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2021-03-31
不靠谱的IMF
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投资蹦极
投资蹦极
·
2021-03-30
机构赌徒。
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新加坡的大螃蟹
新加坡的大螃蟹
·
2021-03-30
说说你对这篇新闻的看法...
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hhyw
hhyw
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2021-03-30
平仓😑😑😑😑
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尼克欢
尼克欢
·
2021-03-30
买！
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磐石533
磐石533
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2021-03-30
链式反应
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rocat
rocat
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2021-03-30
Wa
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haiwei183
haiwei183
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2021-03-30
怕怕，今晚还会在跌吗？？？[笑哭]
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06:52","market":"us","language":"zh","title":"一文读懂Bill Hwang如何让华尔街感到恐惧","url":"https://stock-news.laohu8.com/highlight/detail?id=1180200125","media":"Wind万得","summary":"投资者Bill Hwang最近在股市掀起了一场风暴，他的公司Archegos Capital Management及其旗下银行开始清算蓝筹股公司的巨额头寸。抛售导致个股暴跌，至少有两家银行遭受重大损失","content":"<p>投资者Bill Hwang最近在股市掀起了一场风暴，他的公司Archegos Capital Management及其旗下银行开始清算蓝筹股公司的巨额头寸。抛售导致个股暴跌，至少有两家银行遭受重大损失。</p>\n<p>该公司称自己专注于美国、日本、韩国和欧洲等上市公司。交易员说，近几个月来，它在ViacomCBS Inc.和DiscoveryInc.股价的强劲上涨和随后的下跌中发挥了一定作用。</p>\n<p>据熟悉该基金的人士透露，据估计，该基金管理着约100亿美元的自有资金。但得益于从银行获得的杠杆，该公司周四和周五平仓的总头寸接近300亿美元。外界并不知道该公司管理的外部资本。</p>\n<p>Archegos在公司持有大量、集中的头寸，并通过所谓的“总回报互换”(totalreturn swaps)来持有一些头寸。这些合约是由华尔街银行撮合的，允许用户承担股票或其他资产组合的盈亏，并收取一定费用。</p>\n<p>掉期交易允许投资者在预先投入有限资金的情况下建立巨额头寸，本质上是向银行借款。利用掉期交易，Bill Hwang得以保持匿名，据估计，Archegos对多家公司的股票有超过10%的经济风险敞口。持有一家公司证券超过10%的投资者被视为公司内部人士，并受到有关披露和利润的额外监管。</p>\n<p>互换很常见，而且已经存在了很长一段时间。它们也是有争议的。由两位诺贝尔奖得主担任顾问的对冲基金长期资本管理公司(Long Term Capital Management)就使用了掉期交易。沃伦•巴菲特(Warren Buffett)在2003年致投资者的信中提到了互换的风险。</p>\n<p>互换交易允许投资者只预先投入有限的资金，从而扩大对股票的投资规模。当相关投资出现问题时，银行代表投资者出售所持股票。这种抛售强化了股价的下跌，这有助于解释为什么Archegos投资的股票下跌如此之快。</p>\n<p>Hwang的投资策略在最近几周“着火”。其持有的一些公司股价从2月开始大幅上涨, 但在3月中旬股价下跌。据知情人士透露，维亚康姆哥伦比亚广播公司(ViacomCBS) 3月22日宣布出售普通股，这给Archegos带来了进一步的压力。该交易的消息导致该公司股价下跌，加剧了其不断增加的亏损。到那时，该基金已开始出售其在ViacomCBS的部分头寸，试图抵消亏损，这加大了该股的压力。</p>\n<p>但一旦股价开始下跌，和其基金相关的一些银行就开始在市场上出售大量股票，这就是所谓的大宗交易。大宗交易是指出售一家公司的大量股份，这些交易通常以低于当前股价的价格进行，因为大批量交易比小额交易更难找到买家。</p>\n<p>主经济商业务是华尔街银行中为对冲基金提供服务的部门。机构经纪商帮助对冲基金进行交易，并以保证金贷款的形式向它们提供资金。Archegos聘请了至少六家机构经纪商，包括<a href=\"https://laohu8.com/S/CS\">瑞士信贷</a>集团(Credit Suisse Group AG)、<a href=\"https://laohu8.com/S/UBS\">瑞银</a>集团(UBS Group AG)、高盛集团(Goldman Sachs Group Inc.)、<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>(<a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>)、<a href=\"https://laohu8.com/S/DB\">德意志银行</a>(Deutsche Bank AG)和<a href=\"https://laohu8.com/S/NMR\">野村控股</a>(Nomura Holdings Inc.)。</p>\n<p>SEC前律师Mark Berman表示，监管机构将不仅关注华尔街机构经纪商是如何允许Archegos建立如此高杠杆头寸的，还将关注银行在信贷谈判和风险管理方面的集体做法。他表示，监管机构的重点不应该是让家族理财室介入，只需要解释这一点，并将其与Archegos联系到SEC的管辖范围内，而应该是关注投资银行等受监管实体的风险报告。</p>\n<p>三菱UFJ证券控股有限公司(MitsubishiUFJ Securities Holdings Co.，)周二说，它可能因与美国客户的交易而蒙受约3亿美元的损失。该公司没有透露客户的名字。GAM Investments的投资总监查尔斯•赫普沃思(Charles Hepworth)说，“很多人都在试图想知道谁将成为下一个热门，哪家投资银行将成为下一个热门。”“它看起来不像是系统性的，因此希望这已得到控制，而不是某种雷曼时刻。”</p>","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>一文读懂Bill Hwang如何让华尔街感到恐惧</title>\n<style 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margin: 0;line-height: 11px;}\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\">\n一文读懂Bill Hwang如何让华尔街感到恐惧\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time\">2021-03-31 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>投资者Bill Hwang最近在股市掀起了一场风暴，他的公司Archegos Capital Management及其旗下银行开始清算蓝筹股公司的巨额头寸。抛售导致个股暴跌，至少有两家银行遭受重大损失。</p>\n<p>该公司称自己专注于美国、日本、韩国和欧洲等上市公司。交易员说，近几个月来，它在ViacomCBS Inc.和DiscoveryInc.股价的强劲上涨和随后的下跌中发挥了一定作用。</p>\n<p>据熟悉该基金的人士透露，据估计，该基金管理着约100亿美元的自有资金。但得益于从银行获得的杠杆，该公司周四和周五平仓的总头寸接近300亿美元。外界并不知道该公司管理的外部资本。</p>\n<p>Archegos在公司持有大量、集中的头寸，并通过所谓的“总回报互换”(totalreturn swaps)来持有一些头寸。这些合约是由华尔街银行撮合的，允许用户承担股票或其他资产组合的盈亏，并收取一定费用。</p>\n<p>掉期交易允许投资者在预先投入有限资金的情况下建立巨额头寸，本质上是向银行借款。利用掉期交易，Bill Hwang得以保持匿名，据估计，Archegos对多家公司的股票有超过10%的经济风险敞口。持有一家公司证券超过10%的投资者被视为公司内部人士，并受到有关披露和利润的额外监管。</p>\n<p>互换很常见，而且已经存在了很长一段时间。它们也是有争议的。由两位诺贝尔奖得主担任顾问的对冲基金长期资本管理公司(Long Term Capital Management)就使用了掉期交易。沃伦•巴菲特(Warren Buffett)在2003年致投资者的信中提到了互换的风险。</p>\n<p>互换交易允许投资者只预先投入有限的资金，从而扩大对股票的投资规模。当相关投资出现问题时，银行代表投资者出售所持股票。这种抛售强化了股价的下跌，这有助于解释为什么Archegos投资的股票下跌如此之快。</p>\n<p>Hwang的投资策略在最近几周“着火”。其持有的一些公司股价从2月开始大幅上涨, 但在3月中旬股价下跌。据知情人士透露，维亚康姆哥伦比亚广播公司(ViacomCBS) 3月22日宣布出售普通股，这给Archegos带来了进一步的压力。该交易的消息导致该公司股价下跌，加剧了其不断增加的亏损。到那时，该基金已开始出售其在ViacomCBS的部分头寸，试图抵消亏损，这加大了该股的压力。</p>\n<p>但一旦股价开始下跌，和其基金相关的一些银行就开始在市场上出售大量股票，这就是所谓的大宗交易。大宗交易是指出售一家公司的大量股份，这些交易通常以低于当前股价的价格进行，因为大批量交易比小额交易更难找到买家。</p>\n<p>主经济商业务是华尔街银行中为对冲基金提供服务的部门。机构经纪商帮助对冲基金进行交易，并以保证金贷款的形式向它们提供资金。Archegos聘请了至少六家机构经纪商，包括<a href=\"https://laohu8.com/S/CS\">瑞士信贷</a>集团(Credit Suisse Group AG)、<a href=\"https://laohu8.com/S/UBS\">瑞银</a>集团(UBS Group AG)、高盛集团(Goldman Sachs Group Inc.)、<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>(<a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>)、<a href=\"https://laohu8.com/S/DB\">德意志银行</a>(Deutsche Bank AG)和<a href=\"https://laohu8.com/S/NMR\">野村控股</a>(Nomura Holdings Inc.)。</p>\n<p>SEC前律师Mark Berman表示，监管机构将不仅关注华尔街机构经纪商是如何允许Archegos建立如此高杠杆头寸的，还将关注银行在信贷谈判和风险管理方面的集体做法。他表示，监管机构的重点不应该是让家族理财室介入，只需要解释这一点，并将其与Archegos联系到SEC的管辖范围内，而应该是关注投资银行等受监管实体的风险报告。</p>\n<p>三菱UFJ证券控股有限公司(MitsubishiUFJ Securities Holdings Co.，)周二说，它可能因与美国客户的交易而蒙受约3亿美元的损失。该公司没有透露客户的名字。GAM Investments的投资总监查尔斯•赫普沃思(Charles Hepworth)说，“很多人都在试图想知道谁将成为下一个热门，哪家投资银行将成为下一个热门。”“它看起来不像是系统性的，因此希望这已得到控制，而不是某种雷曼时刻。”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f96fb56d18da49672c5b4102a08270d3","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180200125","content_text":"投资者Bill Hwang最近在股市掀起了一场风暴，他的公司Archegos Capital Management及其旗下银行开始清算蓝筹股公司的巨额头寸。抛售导致个股暴跌，至少有两家银行遭受重大损失。\n该公司称自己专注于美国、日本、韩国和欧洲等上市公司。交易员说，近几个月来，它在ViacomCBS Inc.和DiscoveryInc.股价的强劲上涨和随后的下跌中发挥了一定作用。\n据熟悉该基金的人士透露，据估计，该基金管理着约100亿美元的自有资金。但得益于从银行获得的杠杆，该公司周四和周五平仓的总头寸接近300亿美元。外界并不知道该公司管理的外部资本。\nArchegos在公司持有大量、集中的头寸，并通过所谓的“总回报互换”(totalreturn swaps)来持有一些头寸。这些合约是由华尔街银行撮合的，允许用户承担股票或其他资产组合的盈亏，并收取一定费用。\n掉期交易允许投资者在预先投入有限资金的情况下建立巨额头寸，本质上是向银行借款。利用掉期交易，Bill Hwang得以保持匿名，据估计，Archegos对多家公司的股票有超过10%的经济风险敞口。持有一家公司证券超过10%的投资者被视为公司内部人士，并受到有关披露和利润的额外监管。\n互换很常见，而且已经存在了很长一段时间。它们也是有争议的。由两位诺贝尔奖得主担任顾问的对冲基金长期资本管理公司(Long Term Capital Management)就使用了掉期交易。沃伦•巴菲特(Warren Buffett)在2003年致投资者的信中提到了互换的风险。\n互换交易允许投资者只预先投入有限的资金，从而扩大对股票的投资规模。当相关投资出现问题时，银行代表投资者出售所持股票。这种抛售强化了股价的下跌，这有助于解释为什么Archegos投资的股票下跌如此之快。\nHwang的投资策略在最近几周“着火”。其持有的一些公司股价从2月开始大幅上涨, 但在3月中旬股价下跌。据知情人士透露，维亚康姆哥伦比亚广播公司(ViacomCBS) 3月22日宣布出售普通股，这给Archegos带来了进一步的压力。该交易的消息导致该公司股价下跌，加剧了其不断增加的亏损。到那时，该基金已开始出售其在ViacomCBS的部分头寸，试图抵消亏损，这加大了该股的压力。\n但一旦股价开始下跌，和其基金相关的一些银行就开始在市场上出售大量股票，这就是所谓的大宗交易。大宗交易是指出售一家公司的大量股份，这些交易通常以低于当前股价的价格进行，因为大批量交易比小额交易更难找到买家。\n主经济商业务是华尔街银行中为对冲基金提供服务的部门。机构经纪商帮助对冲基金进行交易，并以保证金贷款的形式向它们提供资金。Archegos聘请了至少六家机构经纪商，包括瑞士信贷集团(Credit Suisse Group AG)、瑞银集团(UBS Group AG)、高盛集团(Goldman Sachs Group Inc.)、摩根士丹利(Morgan Stanley)、德意志银行(Deutsche Bank AG)和野村控股(Nomura Holdings Inc.)。\nSEC前律师Mark Berman表示，监管机构将不仅关注华尔街机构经纪商是如何允许Archegos建立如此高杠杆头寸的，还将关注银行在信贷谈判和风险管理方面的集体做法。他表示，监管机构的重点不应该是让家族理财室介入，只需要解释这一点，并将其与Archegos联系到SEC的管辖范围内，而应该是关注投资银行等受监管实体的风险报告。\n三菱UFJ证券控股有限公司(MitsubishiUFJ Securities Holdings Co.，)周二说，它可能因与美国客户的交易而蒙受约3亿美元的损失。该公司没有透露客户的名字。GAM Investments的投资总监查尔斯•赫普沃思(Charles 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