{"id":77718,"date":"2021-03-30T00:31:52","date_gmt":"2021-03-30T04:31:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=77718"},"modified":"2021-03-30T00:12:35","modified_gmt":"2021-03-30T04:12:35","slug":"how-goldman-and-morgan-stanley-avoided-losses-after-fund-meltdown-burned-nomura-credit-suisse","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2021\/how-goldman-and-morgan-stanley-avoided-losses-after-fund-meltdown-burned-nomura-credit-suisse.html","title":{"rendered":"How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse"},"content":{"rendered":"\n<p>(CNBC) When investors are stampeding for the exits, it pays to be first out the door. That\u2019s what happened when falling shares in <a href=\"https:\/\/www.cnbc.com\/quotes\/?symbol=VIACP\">ViacomCBS<\/a> last week ignited a $20 billion wave of forced selling at the Wall Street banks that cater to&nbsp;Archegos Capital Management, the family office founded by former Tiger Management analyst Bill Hwang.<\/p>\n\n\n\n<p>By the time <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/CSG.N-CH\" target=\"_blank\">Credit Suisse<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/8604.T-JP\" target=\"_blank\">Nomura<\/a>, two prime brokers of Archegos, <a href=\"https:\/\/www.cnbc.com\/2021\/03\/29\/credit-suisse-exits-positions-with-hedge-fund-warns-of-losses.html\">announced<\/a> early Monday that they faced losses that could be \u201chighly significant\u201d to the banks, rival firms <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/GS\" target=\"_blank\">Goldman Sachs<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/MS\" target=\"_blank\">Morgan Stanley<\/a> had already finished unloading their positions<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/03\/29\/goldman-morgan-stanley-avoided-losses-after-fund-meltdown-hit-nomura.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) When investors are stampeding for the exits, it pays to be first out the door. That\u2019s what happened when falling shares in ViacomCBS last week ignited a $20 billion wave of forced selling at the Wall Street banks that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77718","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=77718"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77718\/revisions"}],"predecessor-version":[{"id":77724,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/77718\/revisions\/77724"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=77718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=77718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=77718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}