Soros Liquidates Archegos Stocks After Losing Millions
Back in late March, when a handful of enterprising Prime Brokers decided to quickly liquidate their exposure to the now infamous Archegos, realizing that they have to be the first to do so or suffer billions in losses (as Credit Suisse and Nomura learned the hard way), the banks were furiously dialing some of their best hedge fund clients hoping to find willing buyers as they were liquidating billions in so-called “Archegos stocks.” They found one such gullible buyer in Soros Fund Management, the investment firm of the wel