Seems someone super leveraged up got hit bad on their Chinese holdings and have since had to liquidate a bunch of stock including Viacom and discovery
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Reading 5x leverage from zerohedge...
imagine the balls to run that kind of leverage on 8 billion no hedging
How are 'em balls now, am i right?
Well there's a reason no one or very few people do this. One tail event wipes you out or sets you back for a long time.
Can someone post a link or look up words? Can’t seem to find this
Just search for archegos fund/capital China. You’ll see the stories (Bloomberg, CNBC, etc).
best thread I've found about it so far- https://twitter.com/bauhiniacapital/status/1375765326298718212?s=20
This puts a big dent in my opinion of whether being a "Tiger Cub" counts at all as a symbol for quality. If Hwang was a top guy at the original Tiger and he trades like this, do these guys really know what they're doing? Of course the top funds like Viking, Lone Pine, etc. are still great based on their own performance but this really hurts the overall brand to me at least. And at least Melvin got blown out by something novel, Archegos got destroyed by just a few down days in a row.
Kid - no one gives a fuck about your view of "overall brand" of Tiger Cub XYZ.
lmfao okay thank you for your input buddy. This was just open musings about the cracking of the mystique of Tiger Cubs which exists both among students and professionals. You're welcome to fuck right off too
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