Hedge fund liquidations and credit stress
Reports of margin calls, liquidated funds, and widening credit spreads suggest forced deleveraging.
What we know
A veteran hedge fund reporter can't remember a day like this, and Tom Lee cites reports of large fund liquidations. CoreWeave CDS widened 125bps, Blackstone doubled lock-ups for some Asian investors, and Lone Pine had its worst quarter.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.