Deutsche Bank Avoids Archegos Loss After Slow Hedge Fund Exit
- German lender agreed to exit prime brokerage unit in 2019
- Lender doesn’t expect to incur any loss on Archegos exposure
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Deutsche Bank AG has “significantly de-risked” its exposure to Archegos Capital Management without incurring any losses, avoiding taking a major hit on a business it agreed to exit in 2019.
“We are managing down the immaterial remaining client positions, on which we do not expect to incur any loss,” the spokesman said by email without identifying the company by name.