The collapse of an opaque investment fund in the United States has reached its financial system at rest.
Dos de los majors bancos de inversion del mundo, el suizo Credit Suisse y el japonsés Nomura, afirmaron que podrían sufrir grande perdidas (hasta US $ 2,000 millones en el caseo del segondo) por la caida de Archegos Capital Management.
If an investment fund is trusted creado / by Bill Hwang, a multimillionaire based in New York who, having suffered problems with the financial authorities in the past, had the right to become an important operator in the United States.
So much so that the collapse of its previous investment fund represents “the most spectacular personal wealth loss of history”, as the Twitter millionaire investor Mike Novogratz posted on Twitter.
Archegos manejaba unos US $ 10,000 million of the fortune personally of Hwang and his family “per his total positions of those who are the Jews and the four [de la semana pasada] to US $ 30,000 Million “, published the diary Wall Street Journal.
“The unexpected liquidation of Archegos provoke escalators in the value markets of the world “, manifesto Dominic O’Connell, correspondence of negotiators of the BBC.
Who cares
The investment funds gain money by converting actions and assets.
And this is what Archegos Capital has to do with the past, when it comes to making sure the pedant has its credentials.
The available information is now available that Archegos has invested large amounts in shares and exchange (other financial product) of some companies with shares empezaron a perder valor.
The press release attributes to a strong chain in the price of the actions of the media giant ViacomCBS last week.
“Morning adjustments”
Entonces, its financiers (large banks such as Credit Suisse and Nomura) demand that Archegos expedite more funds as a guarantee to cover the risks of the inversions, which are known in English as margin call or margin adjustment.
It is produced when a bank pays to a customer who brings more funds and a financed operation in part with money earned empies to lose value pronounced.
If the client does not receive it, the client does not have to sell the actions in order to recover what he needs; therefore, initiate a precipitation of assets to take over its positions.
And this is what happened to the four, when Archegos was able to bring guarantees and his credentials to the deshacerse of its assets.
The first to make the giants fight Goldman Sachs, Morgan Stanley and Deutsche Bank, expects a Nomura and Credit Suisse, according to information from Wall Street Journal.
The total liquidation of existing assets between US $ 20,000 and US $ 30,000 million, according to press releases.
“Nadie has never seen anything like this”, said a Wall Street bank executive on the diary The Financial Times (FT).
Ask by responder
One of the great interviewers who said it was “for which banks like Credit Suisse and Nomura eligieron maintains an important deal with this fund “, according to O’Connell, the BBC’s correspondent.
These banks offer their services to operators and clients such as performing Archives funds to buy shares and other assets as they process their operations.
Pasado bajo la lupa
The question of who was involved with this fund surge because his creator, Bill Hwang, has a problematic past.
In 2012, he was involved in the scandal of the Tiger Asia Management investment fund and declared himself guilty of using privileged information to trade in Chinese bank shares, which he accepts in a millionaire agreement with the regulators estadounidenses por el que él y fondo tuvieron que pagar US $ 44 millones, según CNBC.
“In theory, Hwang tends to have been in the black list todos los bancos de inversies. For only 12 months after being jealously obliged to turn money into the inverters, “Hwang wanted to play”, “he said. FT, Created this trust trust with the number of Archegos Capital Management which, by its nature, does not hold that disclose financial information.
Tras lo sucedido, desde Archegos publión un comunicado a ultima hora de este lunes.
“This is a difficult moment for the familiar office of Archegos Capital Management, our companies and employees”, assured Karen Kessler, fundraiser.
Under suspicious repercussions, the archetype of Archegos Capital is being followed closely by regulators around the world, affirming the British diary The guardian.
The Commission of Bolsa and Values of the United States (SEC, by its rules in English) ensures that it “monitors the situation and communication with market participants since last week”.
But in this case, too, there are some other questions from Archegos, as explained by the financial editor of this British medium in a recent article:
“Have you heard Archegos Capital Managements? Es decir, ¿hay otras opacas inversion companies do you have very concentrated deposits, using large amounts of money earned, which can be repaid and inflict multibillion-dollar losses on some of the larger banks? “.
It should be noted now that the regulatory authorities and major investment banks of the world.
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