Archegos Capital Management a "family office"?? is it new jargon for "private hedge fund"?
Markets Look for Direction after Large Block Trade and Before Key Data
The large block trade (~$20 bln) before the weekend, apparently from a family office, continued to have ripple effects today, but the MSCI Asia Pacific Index barely noticed. It extended its pre-weekend rally of 1.3%, and only South Korea and Australia fell among the major markets. Europe's Dow Jones Stoxx 600 edged to new highs since last March but struggled to sustain the upside momentum. Financial and real estate sapped the strength that had been coming from consumer staples and information technology. US futures indices are nursing 0.3%-05% losses. The US 10-year yield is a little softer at 1.65%, while European ... (full story)