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The winning strategy is to pretend you are committing to the group (so as to maximize the time you have) while selling as fast as you can. See also: Bill Hwang'
by stefan_ 4y ago
The winning strategy is to pretend you are committing to the group (so as to maximize the time you have) while selling as fast as you can. See also: Bill Hwang's Archegos Capital.
- 462436347 4y ago> The winning strategy is to pretend you are committing to the group (so as to maximize the time you have) while selling as fast as you can. See also: Bill Hwang's Archegos Capital. No, the consortium members actually made money by slowly unwinding LTCM's trade book. It's not clear that a fire sale of LTCM's collateral by a rogue counterparty would have done the same, and at best might have just minimized their losses had LTCM completely collapsed.