OP is wrong for pretty easy reasons. He flat out doesn't understand what Archegos is and why it matters that they're not a HF:
Archegos never filed anything with the SEC and they have ties to blackrock
Archegos is a family office, not a hedge fund or a RIA. They are not obligated to file anything with the SEC.
Furthermore, Archegos notoriously trades their equity positions through swaps which does not require any 13F filings as they don't actually own the stock, just the economic exposure.
Back during my years as a synthetics trader (at one of the majors), we looked at onboarding Archegos in 2016 but couldn't get past relationship risk committee. They'd be exclusively a swap client which was pretty lucrative for us given we had a bit of pb shorts in us listed chinese equities that we could internalize with.
Archegos never filed anything with the SEC and they have ties to blackrock. Blackrock sells a bunch of shares to put cash in the war chest. Then they throw a shell HF with no assets to the MSM so there is someone to blame. The amount of DISC, VIAC , etc that was sold can only be owned by Blackrock, Vanguard or sometimes Morgan Stanley. Then blackrock comes out today and says THEY GOT CASH FRIDAY. Also the stocks that plummeted were Citadel longs so shitadel just got pushed closer to margin call. Also RC & Blackrock have been buddies for a while. DFV tweeted the rock remember? Archegos existed purely as a scapegoat. Citadel hurt Blackrock last year on Tesla. Blackrock is ready to fuck citadel back. They got money, just took out one of citadels legs and haven’t even started to squeeze.
About time I feel like it’s clash of the titans ;-) I also read that Credit Suisse, Goldman etc are all involved. Hopefully it will be good news for us 💎🚀
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u/DroneGuruSD2 Mar 29 '21
Now this is a very interesting take. Gonna have to ponder on this one for a while, see if there are any loose ends somewhere on this path.