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Nomura’s Loss Warning Is Said to Be Tied to Archegos Selloff

  • Warns of ‘significant’ loss on trades with unnamed U.S. client
  • Archegos is at center of huge margin call that roiled markets
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Nomura Warns of ‘Significant’ Loss From Unnamed U.S. Client
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Nomura Holdings Inc.’s warning of a “significant” potential loss from an unnamed U.S. client is related to the unwinding of trades by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter.

The family office founded by Hwang, a former Tiger Management trader, was one of Nomura’s prime brokerage clients, one of the people said, without providing further details. They asked not to be identified discussing private information.