Re:Bill Hwang of Archegos Capital lost $20B in two days
by turkeytotal on Wednesday May 12, 2021 @03:49PM
(#27134377)
Specific or not (yes many different types of institutions can access these markets), hedge funds are known for taking highly leveraged bets with this overnight cash. There is a huge market for sponsored repo trades.
Hedge funds were most certainly a part of this problem, and were bailed out.
“ It remains unclear how big of a role hedge funds played in March’s meltdown — even how many and which funds were involved remains hazy. ”