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Aideyin

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2021-03-30

One SPAC I recommend is SKILZ

Ackman stays mum on $4 billion SPAC target, says a second may follow

2021-03-30

Bond yield rise stock falls

Global bank losses may top $6 billion on Archegos downfall

2021-06-14

Important

2021-06-04

Great ariticle, would you like to share it?

Sorry, the original content has been removed

2021-02-25

Anyone has any opinion on AMC sudden rise?

Go to Tiger App to see more news

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Holdings on Thursday announced a new stock sale to take advantage of the extraordi","content":"<p>AMC Entertainment Holdings on Thursday announced a new stock sale to take advantage of the extraordinary retail interest that has driven the movie-theater chain's equity up by 2,850% this year.</p><p>AMC's <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> lawyers are apparently as surprised as anyone -- so much so that the company added a fresh risk factor to its 11 million--share sale, which basically boils down to this warning: Prepare to lose everything if you buy the stock.</p><p>The following is the full, extraordinary warning (bolded and italicized text reproduced as in AMC prospectus):</p><p>The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses.</p><p>The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses. For example, during 2021 to date, the market price of our Class A common stock has fluctuated from an intra-day low of $1.91 per share on January 5, 2021 to an intra-day high on the NYSE of $72.62 on June 2, 2021 and the last reported sale price of our Class A common stock on the NYSE on June 2, 2021, was $62.55 per share. During 2021 to date, daily trading volume ranged from approximately 23,598,228 to 1,253,253,550 shares. Within the last seven business days, the market price of our Class A common stock has fluctuated from an intra-day low of $12.18 on May 24, 2021 to an intra-day high of $72.62 on June 2, 2021, and we have made no disclosure regarding a change to our underlying business during that period, other than with respect to an additional financing.</p><p>We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.</p><p>Extreme fluctuations in the market price of our Class A common stock have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums. The market volatility and trading patterns we have experienced create several risks for investors, including the following:</p><ul><li>the market price of our Class A common stock has experienced and may continue to experience rapid and substantial increases or decreases unrelated to our operating performance or prospects, or macro or industry fundamentals, and substantial increases may be significantly inconsistent with the risks and uncertainties that we continue to face;</li><li>factors in the public trading market for our Class A common stock include the sentiment of retail investors (including as may be expressed on financial trading and other social media sites and online forums), the direct access by retail investors to broadly available trading platforms, the amount and status of short interest in our securities, access to margin debt, trading in options and other derivatives on our Class A common stock and any related hedging and other trading factors;</li><li>our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in market prices driven by a return to earlier valuations;</li><li>to the extent volatility in our Class A common stock is caused, as has widely been reported, by a “short squeeze” in which coordinated trading activity causes a spike in the market price of our Class A common stock as traders with a short position make market purchases to avoid or to mitigate potential losses, investors purchase at inflated prices unrelated to our financial performance or prospects, and may thereafter suffer substantial losses as prices decline once the level of short-covering purchases has abated; and</li><li>if the market price of our Class A common stock declines, you may be unable to resell your shares at or above the price at which you acquired them. We cannot assure you that the equity issuance of our Class A common stock will not fluctuate or decline significantly in the future, in which case you could incur substantial losses.</li></ul><p>We may continue to incur rapid and substantial increases or decreases in our stock price in the foreseeable future that may not coincide in timing with the disclosure of news or developments by or affecting us. Accordingly, the market price of our shares of Class A common stock may fluctuate dramatically, and may decline rapidly, regardless of any developments in our business.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's AMC's blunt new warning to prospective buyers of its new stock offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nHere's AMC's blunt new warning to prospective buyers of its new stock offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-04 10:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>AMC Entertainment Holdings on Thursday announced a new stock sale to take advantage of the extraordinary retail interest that has driven the movie-theater chain's equity up by 2,850% this year.</p><p>AMC's <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> lawyers are apparently as surprised as anyone -- so much so that the company added a fresh risk factor to its 11 million--share sale, which basically boils down to this warning: Prepare to lose everything if you buy the stock.</p><p>The following is the full, extraordinary warning (bolded and italicized text reproduced as in AMC prospectus):</p><p>The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses.</p><p>The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses. For example, during 2021 to date, the market price of our Class A common stock has fluctuated from an intra-day low of $1.91 per share on January 5, 2021 to an intra-day high on the NYSE of $72.62 on June 2, 2021 and the last reported sale price of our Class A common stock on the NYSE on June 2, 2021, was $62.55 per share. During 2021 to date, daily trading volume ranged from approximately 23,598,228 to 1,253,253,550 shares. Within the last seven business days, the market price of our Class A common stock has fluctuated from an intra-day low of $12.18 on May 24, 2021 to an intra-day high of $72.62 on June 2, 2021, and we have made no disclosure regarding a change to our underlying business during that period, other than with respect to an additional financing.</p><p>We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.</p><p>Extreme fluctuations in the market price of our Class A common stock have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums. The market volatility and trading patterns we have experienced create several risks for investors, including the following:</p><ul><li>the market price of our Class A common stock has experienced and may continue to experience rapid and substantial increases or decreases unrelated to our operating performance or prospects, or macro or industry fundamentals, and substantial increases may be significantly inconsistent with the risks and uncertainties that we continue to face;</li><li>factors in the public trading market for our Class A common stock include the sentiment of retail investors (including as may be expressed on financial trading and other social media sites and online forums), the direct access by retail investors to broadly available trading platforms, the amount and status of short interest in our securities, access to margin debt, trading in options and other derivatives on our Class A common stock and any related hedging and other trading factors;</li><li>our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in market prices driven by a return to earlier valuations;</li><li>to the extent volatility in our Class A common stock is caused, as has widely been reported, by a “short squeeze” in which coordinated trading activity causes a spike in the market price of our Class A common stock as traders with a short position make market purchases to avoid or to mitigate potential losses, investors purchase at inflated prices unrelated to our financial performance or prospects, and may thereafter suffer substantial losses as prices decline once the level of short-covering purchases has abated; and</li><li>if the market price of our Class A common stock declines, you may be unable to resell your shares at or above the price at which you acquired them. We cannot assure you that the equity issuance of our Class A common stock will not fluctuate or decline significantly in the future, in which case you could incur substantial losses.</li></ul><p>We may continue to incur rapid and substantial increases or decreases in our stock price in the foreseeable future that may not coincide in timing with the disclosure of news or developments by or affecting us. Accordingly, the market price of our shares of Class A common stock may fluctuate dramatically, and may decline rapidly, regardless of any developments in our business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140026421","content_text":"AMC Entertainment Holdings on Thursday announced a new stock sale to take advantage of the extraordinary retail interest that has driven the movie-theater chain's equity up by 2,850% this year.AMC's $(AMC)$ lawyers are apparently as surprised as anyone -- so much so that the company added a fresh risk factor to its 11 million--share sale, which basically boils down to this warning: Prepare to lose everything if you buy the stock.The following is the full, extraordinary warning (bolded and italicized text reproduced as in AMC prospectus):The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses.The market prices and trading volume of our shares of Class A common stock have recently experienced, and may continue to experience, extreme volatility, which could cause purchasers of our Class A common stock to incur substantial losses. For example, during 2021 to date, the market price of our Class A common stock has fluctuated from an intra-day low of $1.91 per share on January 5, 2021 to an intra-day high on the NYSE of $72.62 on June 2, 2021 and the last reported sale price of our Class A common stock on the NYSE on June 2, 2021, was $62.55 per share. During 2021 to date, daily trading volume ranged from approximately 23,598,228 to 1,253,253,550 shares. Within the last seven business days, the market price of our Class A common stock has fluctuated from an intra-day low of $12.18 on May 24, 2021 to an intra-day high of $72.62 on June 2, 2021, and we have made no disclosure regarding a change to our underlying business during that period, other than with respect to an additional financing.We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment.Extreme fluctuations in the market price of our Class A common stock have been accompanied by reports of strong and atypical retail investor interest, including on social media and online forums. The market volatility and trading patterns we have experienced create several risks for investors, including the following:the market price of our Class A common stock has experienced and may continue to experience rapid and substantial increases or decreases unrelated to our operating performance or prospects, or macro or industry fundamentals, and substantial increases may be significantly inconsistent with the risks and uncertainties that we continue to face;factors in the public trading market for our Class A common stock include the sentiment of retail investors (including as may be expressed on financial trading and other social media sites and online forums), the direct access by retail investors to broadly available trading platforms, the amount and status of short interest in our securities, access to margin debt, trading in options and other derivatives on our Class A common stock and any related hedging and other trading factors;our market capitalization, as implied by various trading prices, currently reflects valuations that diverge significantly from those seen prior to recent volatility and that are significantly higher than our market capitalization immediately prior to the COVID-19 pandemic, and to the extent these valuations reflect trading dynamics unrelated to our financial performance or prospects, purchasers of our Class A common stock could incur substantial losses if there are declines in market prices driven by a return to earlier valuations;to the extent volatility in our Class A common stock is caused, as has widely been reported, by a “short squeeze” in which coordinated trading activity causes a spike in the market price of our Class A common stock as traders with a short position make market purchases to avoid or to mitigate potential losses, investors purchase at inflated prices unrelated to our financial performance or prospects, and may thereafter suffer substantial losses as prices decline once the level of short-covering purchases has abated; andif the market price of our Class A common stock declines, you may be unable to resell your shares at or above the price at which you acquired them. We cannot assure you that the equity issuance of our Class A common stock will not fluctuate or decline significantly in the future, in which case you could incur substantial losses.We may continue to incur rapid and substantial increases or decreases in our stock price in the foreseeable future that may not coincide in timing with the disclosure of news or developments by or affecting us. Accordingly, the market price of our shares of Class A common stock may fluctuate dramatically, and may decline rapidly, regardless of any developments in our business.","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355617258,"gmtCreate":1617066734674,"gmtModify":1704801487784,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bond yield rise stock falls&nbsp;","listText":"Bond yield rise stock falls&nbsp;","text":"Bond yield rise stock falls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355617258","repostId":"1144990269","repostType":4,"repost":{"id":"1144990269","pubTimestamp":1617063677,"share":"https://www.laohu8.com/m/news/1144990269?lang=&edition=full","pubTime":"2021-03-30 08:21","market":"us","language":"en","title":"Global bank losses may top $6 billion on Archegos downfall","url":"https://stock-news.laohu8.com/highlight/detail?id=1144990269","media":"Reuters","summary":"TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Ar","content":"<p>TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as regulators and investors feared the episode would reverberate more widely.</p>\n<p>Japan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.</p>\n<p>Morgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Deutsche Bank dropped 5% and UBS was off 3.8%.</p>\n<p>Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks including ViacomCBS and Discovery on Friday, a source familiar with the matter said.</p>\n<p>“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” company spokesperson Karen Kessler said in a statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”</p>\n<p>Archegos was unable to meet banks’ calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed, the sources said.</p>\n<p>“This is the kind of thing that happens in a speculative environment. You start finding that things go wrong,” said Richard Bernstein, chief executive of Richard Bernstein Advisors. “When you have people making certain bets based on what has outperformed in the past and the tide turns they get burned. The question is how much leverage they used.”</p>\n<p>Nomura, Japan’s largest investment bank, warned of a possible $2 billion loss, while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.</p>\n<p>Two sources said Credit Suisse’s losses were likely to be at least $1 billion. One of them said the losses could reach $4 billion, a figure also reported by the Financial Times. Credit Suisse declined to comment.</p>\n<p>But several other banks appeared to be relatively unscathed. The financial impact on Goldman Sachs was immaterial, a separate source said. Likewise, Morgan Stanley, which sold $4 billion in stocks related to Archegos on Friday, did not incur major losses, CNBC reported.</p>\n<p>Deutsche Bank said in a statement it had significantly de-risked its Archegos exposure without incurring any losses and was managing down its “immaterial remaining client positions,” on which it did not expect to incur a loss.</p>\n<p>The broader market impact was muted with the U.S. S&amp;P 500 benchmark closing slightly lower, while financials ended down more than 2%.</p>\n<p>“You continue to see strength in the overall market. There is not fear of selling stocks all together, there’s just fear in pockets of the market,” said Dennis Dick, head of market structure at Bright Trading LLC in Las Vegas.</p>\n<p>REGULATORS WATCHING CLOSELY</p>\n<p>Investors questioned if the full impact of Archegos’ problem had been realized.</p>\n<p>Market observers noted that only in February, hedge funds took major losses on short positions during the run-up in GameStop Corp stock. That forced hedge fund Melvin Capital Management to borrow money from another fund to stay afloat. Hedge fund de-leveraging also contributed toward turmoil in the U.S. Treasuries market in March 2020.</p>\n<p>In the case of Archegos, the opaque and complex nature of its derivative trades, lightly regulated structure as a family office and high leverage - fueled by historically low interest rates - prompted concern about potential systemic risk.</p>\n<p>Regulators in the United States, UK, Switzerland and Japan said they were closely monitoring developments.</p>\n<p>Archegos bought derivatives known as total return swaps, which allow investors to bet on stock price moves without owning the underlying securities, according to one source familiar with the trades. The fund posts collateral against the securities rather than buying them outright with cash.</p>\n<p>Archegos’ positions were highly leveraged. The firm had assets of around $10 billion but held positions worth more than $50 billion, according to the source who declined to be identified.</p>\n<p>Thomas Hayes, chairman of Great Hill Capital LLC in New York, said Hwang was known to run “a very concentrated, highly leveraged book.”</p>\n<p>The underlying shares were held by Archegos’ prime brokers, which lent it money and structured and processed its trades. They included Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse and Nomura.</p>\n<p>Unwinding the positions led banks to sell large blocks of stock. Shares of ViacomCBS and Discovery each tumbled around 27% on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged as much as 33.5% and 48.5% last week.</p>\n<p>Other stocks caught up in Archegos-related liquidations included Baidu Inc, Tencent Music Entertainment Group, Vipshop Holdings Ltd, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc.</p>\n<p>Hwang, who ran Tiger Asia from 2001 to 2012, renamed the hedge fund Archegos Capital and converted it to a family office, according to a page capture of the fund’s website. Family offices act as private wealth managers and have lower disclosure requirements than other investment companies.</p>\n<p>Hedge fund managers said they wondered why Hwang, whom several described as a “smart guy,” had made such big bets on ViacomCBS and Discovery, given the large wagers against the companies. The pair are not seen as high-growth plays, in contrast to other media stocks that have outperformed during the COVID-19 pandemic, the sources said.</p>\n<p>Hwang and his firm in 2012 paid $44 million to settle Securities and Exchange Commission insider trading charges.</p>\n<p>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, Juby Babu and Sagarika Jaisinghani in Bengaluru, Rachel Armstrong and Julien Ponthus in London, Tom Sims in Frankfurt, Svea Herbst-Bayliss in Boston and Matt Scuffham, Herbert Lash and Elizabeth Dilts and John McCrank in New York; Writing by Jane Merriman and David Randall Editing by Carmel Crimmins, Susan Fenton, Cynthia Osterman and Richard Chang</p>","source":"ltzww","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global bank losses may top $6 billion on Archegos downfall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGlobal bank losses may top $6 billion on Archegos downfall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 08:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c44a4a2c95a6d7606ead37b18df51490","relate_stocks":{"NMR":"野村控股","MS":"摩根士丹利"},"source_url":"https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144990269","content_text":"TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as regulators and investors feared the episode would reverberate more widely.\nJapan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.\nMorgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Deutsche Bank dropped 5% and UBS was off 3.8%.\nLosses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks including ViacomCBS and Discovery on Friday, a source familiar with the matter said.\n“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” company spokesperson Karen Kessler said in a statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”\nArchegos was unable to meet banks’ calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed, the sources said.\n“This is the kind of thing that happens in a speculative environment. You start finding that things go wrong,” said Richard Bernstein, chief executive of Richard Bernstein Advisors. “When you have people making certain bets based on what has outperformed in the past and the tide turns they get burned. The question is how much leverage they used.”\nNomura, Japan’s largest investment bank, warned of a possible $2 billion loss, while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.\nTwo sources said Credit Suisse’s losses were likely to be at least $1 billion. One of them said the losses could reach $4 billion, a figure also reported by the Financial Times. Credit Suisse declined to comment.\nBut several other banks appeared to be relatively unscathed. The financial impact on Goldman Sachs was immaterial, a separate source said. Likewise, Morgan Stanley, which sold $4 billion in stocks related to Archegos on Friday, did not incur major losses, CNBC reported.\nDeutsche Bank said in a statement it had significantly de-risked its Archegos exposure without incurring any losses and was managing down its “immaterial remaining client positions,” on which it did not expect to incur a loss.\nThe broader market impact was muted with the U.S. S&P 500 benchmark closing slightly lower, while financials ended down more than 2%.\n“You continue to see strength in the overall market. There is not fear of selling stocks all together, there’s just fear in pockets of the market,” said Dennis Dick, head of market structure at Bright Trading LLC in Las Vegas.\nREGULATORS WATCHING CLOSELY\nInvestors questioned if the full impact of Archegos’ problem had been realized.\nMarket observers noted that only in February, hedge funds took major losses on short positions during the run-up in GameStop Corp stock. That forced hedge fund Melvin Capital Management to borrow money from another fund to stay afloat. Hedge fund de-leveraging also contributed toward turmoil in the U.S. Treasuries market in March 2020.\nIn the case of Archegos, the opaque and complex nature of its derivative trades, lightly regulated structure as a family office and high leverage - fueled by historically low interest rates - prompted concern about potential systemic risk.\nRegulators in the United States, UK, Switzerland and Japan said they were closely monitoring developments.\nArchegos bought derivatives known as total return swaps, which allow investors to bet on stock price moves without owning the underlying securities, according to one source familiar with the trades. The fund posts collateral against the securities rather than buying them outright with cash.\nArchegos’ positions were highly leveraged. The firm had assets of around $10 billion but held positions worth more than $50 billion, according to the source who declined to be identified.\nThomas Hayes, chairman of Great Hill Capital LLC in New York, said Hwang was known to run “a very concentrated, highly leveraged book.”\nThe underlying shares were held by Archegos’ prime brokers, which lent it money and structured and processed its trades. They included Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse and Nomura.\nUnwinding the positions led banks to sell large blocks of stock. Shares of ViacomCBS and Discovery each tumbled around 27% on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged as much as 33.5% and 48.5% last week.\nOther stocks caught up in Archegos-related liquidations included Baidu Inc, Tencent Music Entertainment Group, Vipshop Holdings Ltd, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc.\nHwang, who ran Tiger Asia from 2001 to 2012, renamed the hedge fund Archegos Capital and converted it to a family office, according to a page capture of the fund’s website. Family offices act as private wealth managers and have lower disclosure requirements than other investment companies.\nHedge fund managers said they wondered why Hwang, whom several described as a “smart guy,” had made such big bets on ViacomCBS and Discovery, given the large wagers against the companies. The pair are not seen as high-growth plays, in contrast to other media stocks that have outperformed during the COVID-19 pandemic, the sources said.\nHwang and his firm in 2012 paid $44 million to settle Securities and Exchange Commission insider trading charges.\nReporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, Juby Babu and Sagarika Jaisinghani in Bengaluru, Rachel Armstrong and Julien Ponthus in London, Tom Sims in Frankfurt, Svea Herbst-Bayliss in Boston and Matt Scuffham, Herbert Lash and Elizabeth Dilts and John McCrank in New York; Writing by Jane Merriman and David Randall Editing by Carmel Crimmins, Susan Fenton, Cynthia Osterman and Richard Chang","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355612150,"gmtCreate":1617066539970,"gmtModify":1704801483173,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"One SPAC I recommend is SKILZ","listText":"One SPAC I recommend is SKILZ","text":"One SPAC I recommend is SKILZ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355612150","repostId":"1130725849","repostType":4,"repost":{"id":"1130725849","pubTimestamp":1617063934,"share":"https://www.laohu8.com/m/news/1130725849?lang=&edition=full","pubTime":"2021-03-30 08:25","market":"us","language":"en","title":"Ackman stays mum on $4 billion SPAC target, says a second may follow","url":"https://stock-news.laohu8.com/highlight/detail?id=1130725849","media":"Reuters","summary":"BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to repo","content":"<p>BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.</p><p>Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of equity capital for its initial business combination.</p><p>Speculation grew about Ackman’s potential target - with talk about Airbnb Inc, Stripe, and Bloomberg L.P. being on his list. Late last year, he said he hoped to be able to break the news on a target by the end of the first quarter of 2021.</p><p>“Eight months since PSTH’s launch, we remain convinced that an investment in PSTH will generate highly attractive long-term returns, even from PSTH’s current stock price,” Ackman said in a report.</p><p>“While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”</p><p>Ackman’s Pershing Square Holdings fund has returned 5.9% this year after surging 70.2% last year.</p><p>Special Purpose Acquisition Companies (SPACs) like Pershing Square Tontine raise money in an initial public offering with the aim of merging with a private company. For the private company, the process is an alternative to it doing an IPO itself.</p><p>Pershing Square Tontine held talks with Airbnb, Reuters reported last year, but the home-rental start-up ultimately opted for a traditional IPO.</p><p>In a regulatory filing for the IPO last year, Ackman’s team highlighted the impact of the COVID-19 pandemic on financial markets and corporate earnings as a likely constraint on the broader IPO market, creating an opportunity for his SPAC.</p><p>The market quickly rebounded, however, resulting in the busiest year for IPOs since 2000. In addition, a record amount of SPAC capital was raised, resulting in more competition.</p><p>Ackman said he would likely seek to raise a second SPAC once Pershing Square Tontine completed a merger.</p><p>Pershing Square Tontine has until July 21, 2022 to do a deal or sign a letter of intent, which would then give it another six months to complete the merger. If it does not, the funds are returned to investors.</p><p>Ackman also discussed environmental, social and governance - or ESG - issues, saying they are critical for his investments and play no role in trying to market to potential newcomers because he is not presently raising new capital.</p><p>Reporting by Svea Herbst-Bayliss and Joshua Franklin in Boston; Editing by Chizu Nomiyama, Dan Grebler and Sonya Hepinstall</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ackman stays mum on $4 billion SPAC target, says a second may follow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman stays mum on $4 billion SPAC target, says a second may follow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.Ackman made headlines ...</p>\n\n<a href=\"https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130725849","content_text":"BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of equity capital for its initial business combination.Speculation grew about Ackman’s potential target - with talk about Airbnb Inc, Stripe, and Bloomberg L.P. being on his list. Late last year, he said he hoped to be able to break the news on a target by the end of the first quarter of 2021.“Eight months since PSTH’s launch, we remain convinced that an investment in PSTH will generate highly attractive long-term returns, even from PSTH’s current stock price,” Ackman said in a report.“While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”Ackman’s Pershing Square Holdings fund has returned 5.9% this year after surging 70.2% last year.Special Purpose Acquisition Companies (SPACs) like Pershing Square Tontine raise money in an initial public offering with the aim of merging with a private company. For the private company, the process is an alternative to it doing an IPO itself.Pershing Square Tontine held talks with Airbnb, Reuters reported last year, but the home-rental start-up ultimately opted for a traditional IPO.In a regulatory filing for the IPO last year, Ackman’s team highlighted the impact of the COVID-19 pandemic on financial markets and corporate earnings as a likely constraint on the broader IPO market, creating an opportunity for his SPAC.The market quickly rebounded, however, resulting in the busiest year for IPOs since 2000. In addition, a record amount of SPAC capital was raised, resulting in more competition.Ackman said he would likely seek to raise a second SPAC once Pershing Square Tontine completed a merger.Pershing Square Tontine has until July 21, 2022 to do a deal or sign a letter of intent, which would then give it another six months to complete the merger. If it does not, the funds are returned to investors.Ackman also discussed environmental, social and governance - or ESG - issues, saying they are critical for his investments and play no role in trying to market to potential newcomers because he is not presently raising new capital.Reporting by Svea Herbst-Bayliss and Joshua Franklin in Boston; Editing by Chizu Nomiyama, Dan Grebler and Sonya Hepinstall","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361101582,"gmtCreate":1614211297846,"gmtModify":1704889551699,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Anyone has any opinion on AMC sudden rise?&nbsp;","listText":"Anyone has any opinion on AMC sudden rise?&nbsp;","text":"Anyone has any opinion on AMC sudden rise?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361101582","isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":355612150,"gmtCreate":1617066539970,"gmtModify":1704801483173,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"One SPAC I recommend is SKILZ","listText":"One SPAC I recommend is SKILZ","text":"One SPAC I recommend is SKILZ","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355612150","repostId":"1130725849","repostType":4,"repost":{"id":"1130725849","pubTimestamp":1617063934,"share":"https://www.laohu8.com/m/news/1130725849?lang=&edition=full","pubTime":"2021-03-30 08:25","market":"us","language":"en","title":"Ackman stays mum on $4 billion SPAC target, says a second may follow","url":"https://stock-news.laohu8.com/highlight/detail?id=1130725849","media":"Reuters","summary":"BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to repo","content":"<p>BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.</p><p>Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of equity capital for its initial business combination.</p><p>Speculation grew about Ackman’s potential target - with talk about Airbnb Inc, Stripe, and Bloomberg L.P. being on his list. Late last year, he said he hoped to be able to break the news on a target by the end of the first quarter of 2021.</p><p>“Eight months since PSTH’s launch, we remain convinced that an investment in PSTH will generate highly attractive long-term returns, even from PSTH’s current stock price,” Ackman said in a report.</p><p>“While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”</p><p>Ackman’s Pershing Square Holdings fund has returned 5.9% this year after surging 70.2% last year.</p><p>Special Purpose Acquisition Companies (SPACs) like Pershing Square Tontine raise money in an initial public offering with the aim of merging with a private company. For the private company, the process is an alternative to it doing an IPO itself.</p><p>Pershing Square Tontine held talks with Airbnb, Reuters reported last year, but the home-rental start-up ultimately opted for a traditional IPO.</p><p>In a regulatory filing for the IPO last year, Ackman’s team highlighted the impact of the COVID-19 pandemic on financial markets and corporate earnings as a likely constraint on the broader IPO market, creating an opportunity for his SPAC.</p><p>The market quickly rebounded, however, resulting in the busiest year for IPOs since 2000. In addition, a record amount of SPAC capital was raised, resulting in more competition.</p><p>Ackman said he would likely seek to raise a second SPAC once Pershing Square Tontine completed a merger.</p><p>Pershing Square Tontine has until July 21, 2022 to do a deal or sign a letter of intent, which would then give it another six months to complete the merger. If it does not, the funds are returned to investors.</p><p>Ackman also discussed environmental, social and governance - or ESG - issues, saying they are critical for his investments and play no role in trying to market to potential newcomers because he is not presently raising new capital.</p><p>Reporting by Svea Herbst-Bayliss and Joshua Franklin in Boston; Editing by Chizu Nomiyama, Dan Grebler and Sonya Hepinstall</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ackman stays mum on $4 billion SPAC target, says a second may follow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman stays mum on $4 billion SPAC target, says a second may follow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.Ackman made headlines ...</p>\n\n<a href=\"https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50f0a252f951b7accc03d40bda92a3b2","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://www.reuters.com/article/us-pershingsquare-spac/ackman-stays-mum-on-4-billion-spac-target-says-a-second-may-follow-idUSKBN2BL21T","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130725849","content_text":"BOSTON (Reuters) - Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle.Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it the biggest blank check company ever. It now has between $5 billion and $7 billion of equity capital for its initial business combination.Speculation grew about Ackman’s potential target - with talk about Airbnb Inc, Stripe, and Bloomberg L.P. being on his list. Late last year, he said he hoped to be able to break the news on a target by the end of the first quarter of 2021.“Eight months since PSTH’s launch, we remain convinced that an investment in PSTH will generate highly attractive long-term returns, even from PSTH’s current stock price,” Ackman said in a report.“While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”Ackman’s Pershing Square Holdings fund has returned 5.9% this year after surging 70.2% last year.Special Purpose Acquisition Companies (SPACs) like Pershing Square Tontine raise money in an initial public offering with the aim of merging with a private company. For the private company, the process is an alternative to it doing an IPO itself.Pershing Square Tontine held talks with Airbnb, Reuters reported last year, but the home-rental start-up ultimately opted for a traditional IPO.In a regulatory filing for the IPO last year, Ackman’s team highlighted the impact of the COVID-19 pandemic on financial markets and corporate earnings as a likely constraint on the broader IPO market, creating an opportunity for his SPAC.The market quickly rebounded, however, resulting in the busiest year for IPOs since 2000. In addition, a record amount of SPAC capital was raised, resulting in more competition.Ackman said he would likely seek to raise a second SPAC once Pershing Square Tontine completed a merger.Pershing Square Tontine has until July 21, 2022 to do a deal or sign a letter of intent, which would then give it another six months to complete the merger. If it does not, the funds are returned to investors.Ackman also discussed environmental, social and governance - or ESG - issues, saying they are critical for his investments and play no role in trying to market to potential newcomers because he is not presently raising new capital.Reporting by Svea Herbst-Bayliss and Joshua Franklin in Boston; Editing by Chizu Nomiyama, Dan Grebler and Sonya Hepinstall","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355617258,"gmtCreate":1617066734674,"gmtModify":1704801487784,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bond yield rise stock falls&nbsp;","listText":"Bond yield rise stock falls&nbsp;","text":"Bond yield rise stock falls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355617258","repostId":"1144990269","repostType":4,"repost":{"id":"1144990269","pubTimestamp":1617063677,"share":"https://www.laohu8.com/m/news/1144990269?lang=&edition=full","pubTime":"2021-03-30 08:21","market":"us","language":"en","title":"Global bank losses may top $6 billion on Archegos downfall","url":"https://stock-news.laohu8.com/highlight/detail?id=1144990269","media":"Reuters","summary":"TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Ar","content":"<p>TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as regulators and investors feared the episode would reverberate more widely.</p>\n<p>Japan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.</p>\n<p>Morgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Deutsche Bank dropped 5% and UBS was off 3.8%.</p>\n<p>Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks including ViacomCBS and Discovery on Friday, a source familiar with the matter said.</p>\n<p>“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” company spokesperson Karen Kessler said in a statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”</p>\n<p>Archegos was unable to meet banks’ calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed, the sources said.</p>\n<p>“This is the kind of thing that happens in a speculative environment. You start finding that things go wrong,” said Richard Bernstein, chief executive of Richard Bernstein Advisors. “When you have people making certain bets based on what has outperformed in the past and the tide turns they get burned. The question is how much leverage they used.”</p>\n<p>Nomura, Japan’s largest investment bank, warned of a possible $2 billion loss, while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.</p>\n<p>Two sources said Credit Suisse’s losses were likely to be at least $1 billion. One of them said the losses could reach $4 billion, a figure also reported by the Financial Times. Credit Suisse declined to comment.</p>\n<p>But several other banks appeared to be relatively unscathed. The financial impact on Goldman Sachs was immaterial, a separate source said. Likewise, Morgan Stanley, which sold $4 billion in stocks related to Archegos on Friday, did not incur major losses, CNBC reported.</p>\n<p>Deutsche Bank said in a statement it had significantly de-risked its Archegos exposure without incurring any losses and was managing down its “immaterial remaining client positions,” on which it did not expect to incur a loss.</p>\n<p>The broader market impact was muted with the U.S. S&amp;P 500 benchmark closing slightly lower, while financials ended down more than 2%.</p>\n<p>“You continue to see strength in the overall market. There is not fear of selling stocks all together, there’s just fear in pockets of the market,” said Dennis Dick, head of market structure at Bright Trading LLC in Las Vegas.</p>\n<p>REGULATORS WATCHING CLOSELY</p>\n<p>Investors questioned if the full impact of Archegos’ problem had been realized.</p>\n<p>Market observers noted that only in February, hedge funds took major losses on short positions during the run-up in GameStop Corp stock. That forced hedge fund Melvin Capital Management to borrow money from another fund to stay afloat. Hedge fund de-leveraging also contributed toward turmoil in the U.S. Treasuries market in March 2020.</p>\n<p>In the case of Archegos, the opaque and complex nature of its derivative trades, lightly regulated structure as a family office and high leverage - fueled by historically low interest rates - prompted concern about potential systemic risk.</p>\n<p>Regulators in the United States, UK, Switzerland and Japan said they were closely monitoring developments.</p>\n<p>Archegos bought derivatives known as total return swaps, which allow investors to bet on stock price moves without owning the underlying securities, according to one source familiar with the trades. The fund posts collateral against the securities rather than buying them outright with cash.</p>\n<p>Archegos’ positions were highly leveraged. The firm had assets of around $10 billion but held positions worth more than $50 billion, according to the source who declined to be identified.</p>\n<p>Thomas Hayes, chairman of Great Hill Capital LLC in New York, said Hwang was known to run “a very concentrated, highly leveraged book.”</p>\n<p>The underlying shares were held by Archegos’ prime brokers, which lent it money and structured and processed its trades. They included Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse and Nomura.</p>\n<p>Unwinding the positions led banks to sell large blocks of stock. Shares of ViacomCBS and Discovery each tumbled around 27% on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged as much as 33.5% and 48.5% last week.</p>\n<p>Other stocks caught up in Archegos-related liquidations included Baidu Inc, Tencent Music Entertainment Group, Vipshop Holdings Ltd, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc.</p>\n<p>Hwang, who ran Tiger Asia from 2001 to 2012, renamed the hedge fund Archegos Capital and converted it to a family office, according to a page capture of the fund’s website. Family offices act as private wealth managers and have lower disclosure requirements than other investment companies.</p>\n<p>Hedge fund managers said they wondered why Hwang, whom several described as a “smart guy,” had made such big bets on ViacomCBS and Discovery, given the large wagers against the companies. The pair are not seen as high-growth plays, in contrast to other media stocks that have outperformed during the COVID-19 pandemic, the sources said.</p>\n<p>Hwang and his firm in 2012 paid $44 million to settle Securities and Exchange Commission insider trading charges.</p>\n<p>Reporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, Juby Babu and Sagarika Jaisinghani in Bengaluru, Rachel Armstrong and Julien Ponthus in London, Tom Sims in Frankfurt, Svea Herbst-Bayliss in Boston and Matt Scuffham, Herbert Lash and Elizabeth Dilts and John McCrank in New York; Writing by Jane Merriman and David Randall Editing by Carmel Crimmins, Susan Fenton, Cynthia Osterman and Richard Chang</p>","source":"ltzww","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global bank losses may top $6 billion on Archegos downfall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGlobal bank losses may top $6 billion on Archegos downfall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 08:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c44a4a2c95a6d7606ead37b18df51490","relate_stocks":{"NMR":"野村控股","MS":"摩根士丹利"},"source_url":"https://www.reuters.com/article/us-usa-markets-blocktrades/global-bank-losses-may-top-6-billion-on-archegos-downfall-idUSKBN2BK0OR","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144990269","content_text":"TOKYO/ZURICH/NEW YORK (Reuters) - Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, as regulators and investors feared the episode would reverberate more widely.\nJapan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks.\nMorgan Stanley shares fell 2.6% and Goldman Sachs Group dropped 1.7%. Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Deutsche Bank dropped 5% and UBS was off 3.8%.\nLosses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks including ViacomCBS and Discovery on Friday, a source familiar with the matter said.\n“This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” company spokesperson Karen Kessler said in a statement. “All plans are being discussed as Mr. Hwang and the team determine the best path forward.”\nArchegos was unable to meet banks’ calls for more collateral to secure equity swap trades they had partly financed. After those positions fell sharply in value, lenders sold big blocks of securities to recoup what they were owed, the sources said.\n“This is the kind of thing that happens in a speculative environment. You start finding that things go wrong,” said Richard Bernstein, chief executive of Richard Bernstein Advisors. “When you have people making certain bets based on what has outperformed in the past and the tide turns they get burned. The question is how much leverage they used.”\nNomura, Japan’s largest investment bank, warned of a possible $2 billion loss, while Credit Suisse said a default on margin calls by a U.S.-based fund could be “highly significant and material” to its first-quarter results.\nTwo sources said Credit Suisse’s losses were likely to be at least $1 billion. One of them said the losses could reach $4 billion, a figure also reported by the Financial Times. Credit Suisse declined to comment.\nBut several other banks appeared to be relatively unscathed. The financial impact on Goldman Sachs was immaterial, a separate source said. Likewise, Morgan Stanley, which sold $4 billion in stocks related to Archegos on Friday, did not incur major losses, CNBC reported.\nDeutsche Bank said in a statement it had significantly de-risked its Archegos exposure without incurring any losses and was managing down its “immaterial remaining client positions,” on which it did not expect to incur a loss.\nThe broader market impact was muted with the U.S. S&P 500 benchmark closing slightly lower, while financials ended down more than 2%.\n“You continue to see strength in the overall market. There is not fear of selling stocks all together, there’s just fear in pockets of the market,” said Dennis Dick, head of market structure at Bright Trading LLC in Las Vegas.\nREGULATORS WATCHING CLOSELY\nInvestors questioned if the full impact of Archegos’ problem had been realized.\nMarket observers noted that only in February, hedge funds took major losses on short positions during the run-up in GameStop Corp stock. That forced hedge fund Melvin Capital Management to borrow money from another fund to stay afloat. Hedge fund de-leveraging also contributed toward turmoil in the U.S. Treasuries market in March 2020.\nIn the case of Archegos, the opaque and complex nature of its derivative trades, lightly regulated structure as a family office and high leverage - fueled by historically low interest rates - prompted concern about potential systemic risk.\nRegulators in the United States, UK, Switzerland and Japan said they were closely monitoring developments.\nArchegos bought derivatives known as total return swaps, which allow investors to bet on stock price moves without owning the underlying securities, according to one source familiar with the trades. The fund posts collateral against the securities rather than buying them outright with cash.\nArchegos’ positions were highly leveraged. The firm had assets of around $10 billion but held positions worth more than $50 billion, according to the source who declined to be identified.\nThomas Hayes, chairman of Great Hill Capital LLC in New York, said Hwang was known to run “a very concentrated, highly leveraged book.”\nThe underlying shares were held by Archegos’ prime brokers, which lent it money and structured and processed its trades. They included Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse and Nomura.\nUnwinding the positions led banks to sell large blocks of stock. Shares of ViacomCBS and Discovery each tumbled around 27% on Friday, while U.S.-listed shares of China-based Baidu and Tencent Music plunged as much as 33.5% and 48.5% last week.\nOther stocks caught up in Archegos-related liquidations included Baidu Inc, Tencent Music Entertainment Group, Vipshop Holdings Ltd, Farfetch Ltd, iQIYI Inc and GSX Techedu Inc.\nHwang, who ran Tiger Asia from 2001 to 2012, renamed the hedge fund Archegos Capital and converted it to a family office, according to a page capture of the fund’s website. Family offices act as private wealth managers and have lower disclosure requirements than other investment companies.\nHedge fund managers said they wondered why Hwang, whom several described as a “smart guy,” had made such big bets on ViacomCBS and Discovery, given the large wagers against the companies. The pair are not seen as high-growth plays, in contrast to other media stocks that have outperformed during the COVID-19 pandemic, the sources said.\nHwang and his firm in 2012 paid $44 million to settle Securities and Exchange Commission insider trading charges.\nReporting by Megan Davies, Ira Iosebashvili and Kenneth Li in New York, Juby Babu and Sagarika Jaisinghani in Bengaluru, Rachel Armstrong and Julien Ponthus in London, Tom Sims in Frankfurt, Svea Herbst-Bayliss in Boston and Matt Scuffham, Herbert Lash and Elizabeth Dilts and John McCrank in New York; Writing by Jane Merriman and David Randall Editing by Carmel Crimmins, Susan Fenton, Cynthia Osterman and Richard Chang","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185383647,"gmtCreate":1623633409289,"gmtModify":1704207344018,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Important&nbsp;","listText":"Important&nbsp;","text":"Important","images":[{"img":"https://static.tigerbbs.com/5cf64e6168d0d591c2b1c0a48f87ca69","width":"750","height":"868"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185383647","isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":116162345,"gmtCreate":1622781233987,"gmtModify":1704191090932,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116162345","repostId":"2140026421","repostType":4,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361101582,"gmtCreate":1614211297846,"gmtModify":1704889551699,"author":{"id":"3574804171486299","authorId":"3574804171486299","name":"Aideyin","avatar":"https://static.tigerbbs.com/5d9bde9aae69097b5a619942591ccca7","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Anyone has any opinion on AMC sudden rise?&nbsp;","listText":"Anyone has any opinion on AMC sudden rise?&nbsp;","text":"Anyone has any opinion on AMC sudden rise?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361101582","isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}