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Business 08 Apr 2021 | 7:00 AM

Morgan Stanley sells part of Archegos before most rivals

NEW YORK: Morgan Stanley sold US$5bil (RM21bil) of shares owned by Archegos Capital Management a day before a deluge of block trades sent shockwaves across capital markets.

Business 08 Apr 2021 | 7:00 AM

Billionaire Mike Novogratz is shorting rates

NEW YORK: Billionaire investor Mike Novogratz said he’s bought Facebook Inc stock to benefit from crypto’s ascent and is also shorting the five-year Treasury as a hedge against policymakers pulling back monetary support.