“世纪爆仓”中跑得最快的竟不是高盛，而是大摩！

华尔街见闻2021-04-07

Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。 CNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。知情人士称，摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的...

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Comments

筱雯子
2021-04-12
筱雯子
大摩厲害了
熙美瞳瞳
2021-04-09
熙美瞳瞳
大摩真?
Alicia Ling
2021-04-07
Alicia Ling
市場線人多？
SanGuo
2021-04-07
SanGuo
666

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href=https://wallstreetcn.com/articles/3626708><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。\n知情人士称， 摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3626708\">Source 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Hwang得救的概率并不大。\n摩根士丹利“坑”了队友，却避免了约100亿美元的巨额亏损。\n分析人士称，截至2020年底，摩根士丹利是Archegos交易的前10只股票的最大持有者，持有的头寸总计约180亿美元。\n而持有Archegos头寸约为100亿美元的瑞士信贷，风险敞口规模排名第二。\n瑞士信贷周二表示，在Archego爆仓事件中元气大伤，不光承受了47亿美元的亏损，还削减了股息，并停止了股票回购。\n不过，即使对冲基金对摩根士丹利感到不满，但在分析人士看来，摩根士丹利并不会因为这件事失去他们——因为作为美国科技行业的顶级投行，摩根士丹利能拿出他们想要的首次公开发行的热门股票。","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":342330466,"gmtCreate":1618182911555,"gmtModify":1704707096713,"author":{"id":"3580430522441227","authorId":"3580430522441227","name":"筱雯子","avatar":"https://static.tigerbbs.com/c01106f7d27569a9c76bcb50a187b6e3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580430522441227","authorIdStr":"3580430522441227"},"htmlText":"大摩厲害了","listText":"大摩厲害了","text":"大摩厲害了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342330466","repostId":2125688745,"repostType":2,"repost":{"id":"2125688745","kind":"highlight","pubTimestamp":1617785437,"share":"https://ttm.financial/m/news/2125688745?lang=en_US&edition=fundamental","pubTime":"2021-04-07 16:50","market":"hk","language":"zh","title":"The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!","url":"https://stock-news.laohu8.com/highlight/detail?id=2125688745","media":"华尔街见闻","summary":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，","content":"<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-04-07 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3626708\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"MS":"摩根士丹利","GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3626708","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125688745","content_text":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。\n知情人士称， 摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的一部分，可以防止某位不具名客户的倒闭。\n这一揽子股票由八家爆仓相关公司组成，包括百度和腾讯音乐等。\n摩根士丹利的交易如何做到了秘而不宣？\n此前在3月26日周五，高盛因向客户发送电子邮件，出售价值105亿美元的涉案股票被广泛报道。而周四晚，摩根士丹利的对冲基金交易对象不足六家，使得交易得以隐藏。\n摩根士丹利此次的交易对手是对冲基金的一个分支，有时也被称为“equity capital markets strategies”，他们通常并不在意个股基本面的好坏，当折扣幅度够大，他们会从摩根士丹利等大型机构经纪公司购买大量股票，通常可以随着时间的推移平仓。\n不过，当Archegos爆仓事件被公之于众，事情就不简单了：一些客户感觉被摩根士丹利骗了。\n因为摩根士丹利压根就没告知对冲基金：这只是其抛售狂潮的序曲。\n在周四晚Archegos的掌舵人Bill Hwang召集各大行进行的紧急会议，目的是试图有条不紊地进行出货。\n有市场人士指出，摩根士丹利嗅到风险，并率先抢跑，意味着在其看来，Bill Hwang得救的概率并不大。\n摩根士丹利“坑”了队友，却避免了约100亿美元的巨额亏损。\n分析人士称，截至2020年底，摩根士丹利是Archegos交易的前10只股票的最大持有者，持有的头寸总计约180亿美元。\n而持有Archegos头寸约为100亿美元的瑞士信贷，风险敞口规模排名第二。\n瑞士信贷周二表示，在Archego爆仓事件中元气大伤，不光承受了47亿美元的亏损，还削减了股息，并停止了股票回购。\n不过，即使对冲基金对摩根士丹利感到不满，但在分析人士看来，摩根士丹利并不会因为这件事失去他们——因为作为美国科技行业的顶级投行，摩根士丹利能拿出他们想要的首次公开发行的热门股票。","news_type":1,"symbols_score_info":{"MS":0.9,"GS":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":348521866,"gmtCreate":1617943564755,"gmtModify":1704705126991,"author":{"id":"3560692560599922","authorId":"3560692560599922","name":"熙美瞳瞳","avatar":"https://static.tigerbbs.com/c85f6f5d8b9a05aaade9aa18e9f3d6e9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3560692560599922","authorIdStr":"3560692560599922"},"htmlText":"大摩真?","listText":"大摩真?","text":"大摩真?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348521866","repostId":2125688745,"repostType":2,"repost":{"id":"2125688745","kind":"highlight","pubTimestamp":1617785437,"share":"https://ttm.financial/m/news/2125688745?lang=en_US&edition=fundamental","pubTime":"2021-04-07 16:50","market":"hk","language":"zh","title":"The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!","url":"https://stock-news.laohu8.com/highlight/detail?id=2125688745","media":"华尔街见闻","summary":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，","content":"<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-04-07 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3626708\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"MS":"摩根士丹利","GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3626708","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125688745","content_text":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。\n知情人士称， 摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的一部分，可以防止某位不具名客户的倒闭。\n这一揽子股票由八家爆仓相关公司组成，包括百度和腾讯音乐等。\n摩根士丹利的交易如何做到了秘而不宣？\n此前在3月26日周五，高盛因向客户发送电子邮件，出售价值105亿美元的涉案股票被广泛报道。而周四晚，摩根士丹利的对冲基金交易对象不足六家，使得交易得以隐藏。\n摩根士丹利此次的交易对手是对冲基金的一个分支，有时也被称为“equity capital markets strategies”，他们通常并不在意个股基本面的好坏，当折扣幅度够大，他们会从摩根士丹利等大型机构经纪公司购买大量股票，通常可以随着时间的推移平仓。\n不过，当Archegos爆仓事件被公之于众，事情就不简单了：一些客户感觉被摩根士丹利骗了。\n因为摩根士丹利压根就没告知对冲基金：这只是其抛售狂潮的序曲。\n在周四晚Archegos的掌舵人Bill Hwang召集各大行进行的紧急会议，目的是试图有条不紊地进行出货。\n有市场人士指出，摩根士丹利嗅到风险，并率先抢跑，意味着在其看来，Bill Hwang得救的概率并不大。\n摩根士丹利“坑”了队友，却避免了约100亿美元的巨额亏损。\n分析人士称，截至2020年底，摩根士丹利是Archegos交易的前10只股票的最大持有者，持有的头寸总计约180亿美元。\n而持有Archegos头寸约为100亿美元的瑞士信贷，风险敞口规模排名第二。\n瑞士信贷周二表示，在Archego爆仓事件中元气大伤，不光承受了47亿美元的亏损，还削减了股息，并停止了股票回购。\n不过，即使对冲基金对摩根士丹利感到不满，但在分析人士看来，摩根士丹利并不会因为这件事失去他们——因为作为美国科技行业的顶级投行，摩根士丹利能拿出他们想要的首次公开发行的热门股票。","news_type":1,"symbols_score_info":{"MS":0.9,"GS":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":341196538,"gmtCreate":1617789678324,"gmtModify":1704703154959,"author":{"id":"3558680293731120","authorId":"3558680293731120","name":"Alicia Ling","avatar":"https://static.tigerbbs.com/ca35384a8589b2187095e5d2d4706a00","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3558680293731120","authorIdStr":"3558680293731120"},"htmlText":"市場線人多？","listText":"市場線人多？","text":"市場線人多？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341196538","repostId":2125688745,"repostType":4,"repost":{"id":"2125688745","kind":"highlight","pubTimestamp":1617785437,"share":"https://ttm.financial/m/news/2125688745?lang=en_US&edition=fundamental","pubTime":"2021-04-07 16:50","market":"hk","language":"zh","title":"The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!","url":"https://stock-news.laohu8.com/highlight/detail?id=2125688745","media":"华尔街见闻","summary":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，","content":"<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-04-07 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3626708\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"MS":"摩根士丹利","GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3626708","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125688745","content_text":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。\n知情人士称， 摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的一部分，可以防止某位不具名客户的倒闭。\n这一揽子股票由八家爆仓相关公司组成，包括百度和腾讯音乐等。\n摩根士丹利的交易如何做到了秘而不宣？\n此前在3月26日周五，高盛因向客户发送电子邮件，出售价值105亿美元的涉案股票被广泛报道。而周四晚，摩根士丹利的对冲基金交易对象不足六家，使得交易得以隐藏。\n摩根士丹利此次的交易对手是对冲基金的一个分支，有时也被称为“equity capital markets strategies”，他们通常并不在意个股基本面的好坏，当折扣幅度够大，他们会从摩根士丹利等大型机构经纪公司购买大量股票，通常可以随着时间的推移平仓。\n不过，当Archegos爆仓事件被公之于众，事情就不简单了：一些客户感觉被摩根士丹利骗了。\n因为摩根士丹利压根就没告知对冲基金：这只是其抛售狂潮的序曲。\n在周四晚Archegos的掌舵人Bill Hwang召集各大行进行的紧急会议，目的是试图有条不紊地进行出货。\n有市场人士指出，摩根士丹利嗅到风险，并率先抢跑，意味着在其看来，Bill Hwang得救的概率并不大。\n摩根士丹利“坑”了队友，却避免了约100亿美元的巨额亏损。\n分析人士称，截至2020年底，摩根士丹利是Archegos交易的前10只股票的最大持有者，持有的头寸总计约180亿美元。\n而持有Archegos头寸约为100亿美元的瑞士信贷，风险敞口规模排名第二。\n瑞士信贷周二表示，在Archego爆仓事件中元气大伤，不光承受了47亿美元的亏损，还削减了股息，并停止了股票回购。\n不过，即使对冲基金对摩根士丹利感到不满，但在分析人士看来，摩根士丹利并不会因为这件事失去他们——因为作为美国科技行业的顶级投行，摩根士丹利能拿出他们想要的首次公开发行的热门股票。","news_type":1,"symbols_score_info":{"MS":0.9,"GS":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":341372695,"gmtCreate":1617787579117,"gmtModify":1704703128123,"author":{"id":"3571627066348611","authorId":"3571627066348611","name":"SanGuo","avatar":"https://static.tigerbbs.com/2ae7b7834c27e538495b0e677576017b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3571627066348611","authorIdStr":"3571627066348611"},"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341372695","repostId":2125688745,"repostType":4,"repost":{"id":"2125688745","kind":"highlight","pubTimestamp":1617785437,"share":"https://ttm.financial/m/news/2125688745?lang=en_US&edition=fundamental","pubTime":"2021-04-07 16:50","market":"hk","language":"zh","title":"The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!","url":"https://stock-news.laohu8.com/highlight/detail?id=2125688745","media":"华尔街见闻","summary":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，","content":"<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe fastest runner in the \"liquidation of the century\" is not Goldman Sachs, but Morgan Stanley!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-04-07 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Archegos liquidation incident caused all major banks on Wall Street to fight independently. In terms of combat methods, some people panicked and others secretly took advantage of their positions. Unexpectedly, in this \"hand speed\" battle,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Snatched<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>In the limelight, he became the king of rushing.</p><p><b>CNBC quoted people familiar with the matter as saying that on March 25, the night before the Archegos liquidation incident was made public, Morgan Stanley had begun selling about $5 billion worth of liquidation-related stocks to hedge funds.</b></p><p>According to people familiar with the matter, Morgan Stanley sold at a discounted price and told hedge funds that it was part of a margin call to prevent the collapse of an unnamed client.</p><p>This package of stocks consists of eight liquidation-related companies, including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>And<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Etc.</p><p>How did Morgan Stanley's deal stay secret?</p><p>Earlier, on Friday, March 26, it was widely reported that Goldman Sachs sold $10.5 billion worth of shares involved for sending emails to customers. On Thursday night, Morgan Stanley's hedge fund traders were less than six, which kept the deal hidden.</p><p>Morgan Stanley's counterparty this time is a branch of hedge funds, sometimes referred to as \"equity capital markets strategies\". They usually don't care about the fundamentals of individual stocks. When the discount is large enough, they will buy large amounts of stocks from Morgan Stanley. Large institutional brokerage firms such as Stanley can usually close their positions over time.</p><p><b>However, when the Archegos liquidation incident was made public, things were not simple: some customers felt cheated by Morgan Stanley.</b></p><p>Because Morgan Stanley didn't tell hedge funds at all: this was just the prelude to its selling frenzy.</p><p>On Thursday night, Bill Hwang, the helm of Archegos, called an emergency meeting of major banks in an attempt to carry out shipments in an orderly manner.</p><p>Some market participants pointed out that Morgan Stanley smelled the risk and took the lead in running, which means that in its view, the probability of Bill Hwang being saved is not high.</p><p>Morgan Stanley \"pitted\" its teammates, but avoided a huge loss of about $10 billion.</p><p><b>Morgan Stanley was the largest holder of the top 10 stocks traded by Archegos at the end of 2020, with positions totaling about $18 billion, analysts said.</b></p><p>While holding about $10 billion in Archegos<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, ranking second in terms of risk exposure scale.</p><p>Credit Suisse said on Tuesday that it was severely damaged by the Archego liquidation. It not only suffered a loss of $4.7 billion, but also cut its Dividend and stopped stock repurchases.</p><p>However, even if hedge funds are dissatisfied with Morgan Stanley, in the eyes of analysts, Morgan Stanley will not lose them because of this incident-because as the top investment bank in the US technology industry, Morgan Stanley can come up with the hot stocks they want for the initial public offering.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3626708\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"MS":"摩根士丹利","GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3626708","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125688745","content_text":"Archegos爆仓事件使得华尔街各大行各自为战，在作战方式上，有人慌不择路，有人暗度陈仓。让人没想到的是，在这次“比手速”战役中，摩根士丹利抢过了高盛的风头，成了抢跑之王。\nCNBC援引知情人士称，在Archegos爆仓事件公之于众的前一晚——3月25日，摩根士丹利就已开始向对冲基金出售价值约50亿美元的爆仓相关股票。\n知情人士称， 摩根士丹利是以折扣价进行抛售，并告诉对冲基金，这是追缴保证金的一部分，可以防止某位不具名客户的倒闭。\n这一揽子股票由八家爆仓相关公司组成，包括百度和腾讯音乐等。\n摩根士丹利的交易如何做到了秘而不宣？\n此前在3月26日周五，高盛因向客户发送电子邮件，出售价值105亿美元的涉案股票被广泛报道。而周四晚，摩根士丹利的对冲基金交易对象不足六家，使得交易得以隐藏。\n摩根士丹利此次的交易对手是对冲基金的一个分支，有时也被称为“equity capital markets strategies”，他们通常并不在意个股基本面的好坏，当折扣幅度够大，他们会从摩根士丹利等大型机构经纪公司购买大量股票，通常可以随着时间的推移平仓。\n不过，当Archegos爆仓事件被公之于众，事情就不简单了：一些客户感觉被摩根士丹利骗了。\n因为摩根士丹利压根就没告知对冲基金：这只是其抛售狂潮的序曲。\n在周四晚Archegos的掌舵人Bill Hwang召集各大行进行的紧急会议，目的是试图有条不紊地进行出货。\n有市场人士指出，摩根士丹利嗅到风险，并率先抢跑，意味着在其看来，Bill Hwang得救的概率并不大。\n摩根士丹利“坑”了队友，却避免了约100亿美元的巨额亏损。\n分析人士称，截至2020年底，摩根士丹利是Archegos交易的前10只股票的最大持有者，持有的头寸总计约180亿美元。\n而持有Archegos头寸约为100亿美元的瑞士信贷，风险敞口规模排名第二。\n瑞士信贷周二表示，在Archego爆仓事件中元气大伤，不光承受了47亿美元的亏损，还削减了股息，并停止了股票回购。\n不过，即使对冲基金对摩根士丹利感到不满，但在分析人士看来，摩根士丹利并不会因为这件事失去他们——因为作为美国科技行业的顶级投行，摩根士丹利能拿出他们想要的首次公开发行的热门股票。","news_type":1,"symbols_score_info":{"MS":0.9,"GS":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2125688745","isCrawlerRequest":true}