Investment banks warn of ‘significant’ losses following margin calls related to Tiger Asia Management founder’s family office

//Investment banks warn of ‘significant’ losses following margin calls related to Tiger Asia Management founder’s family office

Investment banks warn of ‘significant’ losses following margin calls related to Tiger Asia Management founder’s family office

Global investment banks warned of potentially “significant” losses on Monday after a series of margin calls involving the family office of Tiger Asia Management’s founder Bill Hwang Sung-kook sparked a sharp sell-off in several US-listed Chinese technology firms and American media companies last week.Archegos Capital Management, the New York family office of Hwang, was forced by its lenders to sell more than US$20 billion in shares, including holdings in Baidu Inc., ViacomCBS and Tencent Music…

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By | 2021-03-29T10:35:14+00:00 March 29th, 2021|Business|Comments Off on Investment banks warn of ‘significant’ losses following margin calls related to Tiger Asia Management founder’s family office