Kamis, 16 Juli 2020

The wealthy loaded up on stocks in March — now they’re cashing out, warns the ‘fortress bank for billionaires’

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The wealthy loaded up on stocks in March — now they're cashing out, warns the 'fortress bank for billionaires'

" 'We had record loans written during the middle of March and the middle of April, of significant family offices who asked us for balance sheet and then went into the market. They bought, for example, U.S. equities, but they didn't buy $50 million. They bought a billion-plus of those equities to rebalance. And they made a lot of money.' "

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