Archegos fallout

Seduced by Archegos’ growth, Nomura took a chance on Hwang comeback

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Seduced by Archegos’ growth, Nomura took a chance on Hwang comeback

NEW YORK/HONG KONG: US investor Sung Kook “Bill” Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan’s Nomura Holdings Inc gave him one. Nomura had previously had a relationship with Hwang’s Tiger Asia Management LLC before the investment firm shut down in … Read more

Hedge fund fallout wipes over $9 bn from market value of Credit Suisse, Nomura

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Hedge fund fallout wipes over bn from market value of Credit Suisse, Nomura

LONDON: Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective $9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of US-based hedge fund Archegos Capital. Credit Suisse and Nomura were slower than rivals to cut their exposure to Archegos, … Read more