Hedge Funds

Nomura's Stability Boast Undermined By Archegos Woes - Nikkei Asia

by asia.nikkei.com posted 5months ago 35 views
Japan's biggest brokerage house was just two days from closing its most successful fiscal year when, on March 29, it warned of a possible $2 billion loss in the U.S. Until then, the company had enjoyed record or near-record profits for three straight quarters despite the coronavirus pandemic -- to the delight of Kentaro Okuda, who was approaching the end of his first year as chief executive.