Teng Yue Partners, the hedge fund founded by former Bill Hwang protégé Tao Li, lost 29 percent in March as it fell victim to the liquidation of at least one of the stocks held by Hwang’s Archegos Capital, according to an investor.
Li runs an aggressive hedge fund that places its stock bets via highly levered equity swaps, much like Hwang’s Archegos family office. Neither Teng Yue nor Archegos have made quarterly 13F filings with the Securities and Exchange Commission.
Using swaps, both were levered long GSX Techedu, the Chinese online education company that short sellers say is a fraud and part of a short squeeze that began last summer, as
Credit Suisse and Nomura warn of losses after Archegos-linked sell-off
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
ViacomCBS, Discovery Plunge Due in Part to Forced Liquidation of Archegos Capital Positions
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.