Repo Madness Update: BIS Worries That There’s Multiple Hedge Funds Like LTCM Over-leveraged In Repo
- WallStForMainSt
Since the Bank of International Settlement (BIS) report came out on Sunday highlighting their theory of what had happened in the repo market (pages 21-24 of the 154 page document) starting on September 16th, more people are starting to talk about what’s going on. One former NY Fed and US Treasury official, Zoltan Pozsar just wrote a new article:
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“It’s About To Get Very Bad” – Repo Market Legend Predicts Market Crash In Days https://www.zerohedge.com/markets/its…
U.S. banks’ reluctance to lend cash may have caused repo shock: BIS https://mobile.reuters.com/article/am…
Repo Blowup Was Fueled by Big Banks and Hedge Funds, BIS Says https://www.bloomberg.com/amp/news/ar…
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Since the beginning of September 2019, yields on the 10 year US Treasury are up 26%. This volatility could be drastically hurting over-leveraged hedge funds. Read More About The History of Long Term Capital Management (LTCM) and Why It Failed Here:
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1) When Genius Failed: The Rise and Fall of Long-Term Capital Management https://www.amazon.com/When-Genius-Fa…
2) Investopedia page on LTCM: https://www.investopedia.com/terms/l/…
3) Long-Term Capital Management Hedge Fund Crisis https://www.thebalance.com/long-term-…
4) The Failure of Long Term Capital Management (LTCM) https://www.managementstudyguide.com/…
5) The 10 Greatest Hedge Fund Implosions Of All Time https://www.businessinsider.com/the-t…
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“The Fed Was Suddenly Facing Multiple LTCMs”: BIS Offers A Stunning Explanation Of What Really Happened On Repocalypse Day https://www.zerohedge.com/markets/fed…
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Articles About Recent Problems At Ray Dalio’s Massive Hedge Fund, Bridgewater, lately:
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1) Ray Dalio’s top fund is having a rough year — and now one of Asia’s biggest lenders is telling clients to pull their money out https://markets.businessinsider.com/n…
2) Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund https://www.cnbc.com/2019/12/03/bridg…
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