In the last few days ago large banks like Goldman Sachs, Credit Suisse and Nomura have all issued large forced stock sales in the billions to large hedge funds and family offices.
Large Banks cannot estimate the large losses yet!
Stories on Large Banks Forcing Many Billions of Stock Sales From Family Offices & Hedge Funds:
1) Large block trades that caused selling raises questions about cause https://www.reuters.com/article/us-go...?EUR<
2) Nomura Warns of 'Significant' Loss From Unnamed U.S. Client https://finance.yahoo.com/news/nomura...?EUR<
3) Credit Suisse, Nomura Slump as Banks Tally Archegos Damage https://finance.yahoo.com/news/credit...?EUR<
The Financial Times reported over the weekend that family office Archegos lost $10 billion recently.
However, most likely a lot of hedge funds have losses on over leveraged trades going bad.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.