Bill Hwang liquidation event?

According to a tweet thread by @DoveyWan, Bill Hwang’s entire $15B portfolio (covering $80B notional--over 5 times leverage) was liquidated on Friday (Goldman sold $10.5 bln of stocks in block-trade spree- Bloomberg News | Reuters). As alarming as one trader taking so many companies down by 40% in three days is the comment that he… Continue reading Bill Hwang liquidation event?