"They're In A Difficult Position" - Archegos Employees Lose $500 Million As Bonus Fund Evaporates

zerohedge2021-08-05

The (now former) employees of defunct Archegos Capital Management - the over-leveraged family office that blew up back in March, saddling Credit Suisse and a handful of other brokers with billions of ...

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Comments

RoarLionRoar
2021-08-05
RoarLionRoar
Poor employees
SherryVJ
2021-08-05
SherryVJ
[Sweats] [Sweats] [Sweats]
Jaspyy
2021-08-05
Jaspyy
Fabulously
Niknaks
2021-08-05
Niknaks
Fast money …
- VickJW:
  agree
ZZX86
2021-08-05
ZZX86
How is it possible?
fluttershy
2021-08-05
fluttershy
Like

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"They're In A Difficult Position\" - Archegos Employees Lose $500 Million As Bonus Fund Evaporates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/theyre-difficult-position-archegos-employees-lose-500-million-bonus-fund-evaporates><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The (now former) employees of defunct Archegos Capital Management - the over-leveraged family office that blew up back in March, saddling Credit Suisse and a handful of other brokers with billions of ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/theyre-difficult-position-archegos-employees-lose-500-million-bonus-fund-evaporates\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.zerohedge.com/markets/theyre-difficult-position-archegos-employees-lose-500-million-bonus-fund-evaporates","article_id":"1194249066","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194249066","pubTimestamp":1628162460,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"The (now former) employees of defunct Archegos Capital Management - the over-leveraged family office","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"“他们处于困境”--随着奖金基金蒸发，阿奇戈斯员工损失5亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"The (now former) employees of defunct Archegos Capital Management - the over-leveraged family office that blew up back in March, saddling Credit Suisse and a handful of other brokers with billions of dollars in losses - have just learned a very important lesson:don't put all your eggs in one basket.\nEmployees saw their golden parachutes evaporate alongside the rest of Bill Hwang's $20 billion fortune when a deferred pay plan set up by the firm crashed as the firm was hit with a massive margin call,exacerbated by its prime brokers selling off billions of dollars' of stocks in the span of a few panicked hours.\nInstead of paying employees the entirety of their bonuses in cash, the firm convinced them to keep at least some of their bonus with the firm, placing the money in a separate pot that was apparently invested in the same stocks that the firm was betting on. 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stone.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":899103864,"gmtCreate":1628165953858,"gmtModify":1703502389816,"author":{"id":"4089549058639000","authorId":"4089549058639000","name":"RoarLionRoar","avatar":"https://static.tigerbbs.com/acf1b92090d515ae9f135d5b65ef3fc4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089549058639000","authorIdStr":"4089549058639000"},"htmlText":"Poor employees&nbsp;","listText":"Poor employees&nbsp;","text":"Poor employees","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899103864","repostId":1194249066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899375043,"gmtCreate":1628165526782,"gmtModify":1703502383174,"author":{"id":"3586426326873853","authorId":"3586426326873853","name":"SherryVJ","avatar":"https://community-static.tradeup.com/news/1881722e980e541f3c66ed217d5b91c6","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3586426326873853","authorIdStr":"3586426326873853"},"htmlText":"[Sweats]&nbsp;[Sweats]&nbsp;[Sweats]&nbsp;","listText":"[Sweats]&nbsp;[Sweats]&nbsp;[Sweats]&nbsp;","text":"[Sweats] [Sweats] [Sweats]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899375043","repostId":1194249066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899353432,"gmtCreate":1628163050826,"gmtModify":1703502348807,"author":{"id":"3583418771305506","authorId":"3583418771305506","name":"Jaspyy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583418771305506","authorIdStr":"3583418771305506"},"htmlText":"Fabulously&nbsp;","listText":"Fabulously&nbsp;","text":"Fabulously","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899353432","repostId":1194249066,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899353003,"gmtCreate":1628162980402,"gmtModify":1703502346543,"author":{"id":"3556496546285967","authorId":"3556496546285967","name":"Niknaks","avatar":"https://static.tigerbbs.com/28a974e972a2d9f83be2d5dd9fa35a15","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3556496546285967","authorIdStr":"3556496546285967"},"htmlText":"Fast money …&nbsp;","listText":"Fast money …&nbsp;","text":"Fast money 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is it possible?","listText":"How is it possible?","text":"How is it 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