Credit Suisse and Nomura warn of hedge fund hit to profits
Major investment banks warn of losses after hedge fund crisis sparks share dump of billons of pounds. …
Hedge funds make money buying and selling shares. It is thought that Archegos made some large investments in certain companies that started to go wrong, and its backers then insisted it raise money in a hurry, in what is known as a margin call, prompting some unusually large share sales.
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