Sweden shocked the global financial circle again!
After encountering a tragic stepping on the mines, Aletca, the largest pension fund in Sweden, announced that Magnus, CEO of the fund's dismissal
Billing, take effect immediately.According to data disclosed by Aletca, when the Bank of America crisis broke out, the fund holding the shares of Silicon Valley Bank, New York SIGNATURE Bank, First Communist and Bank of China, which directly led to a huge loss of nearly 20 billion Swedish Crown
(About RMB 12.8 billion)!
At present, the global "superbill printing machine" is turning off, and the currency supply in the UK, the euro area and the United States has begun to decline sharply.Wall Street institutions warn that this is a major threat to the capital market and economy. The most likely source of risk incidents is the haze of shadow banks, US corporate debt and real estate economy decline.EssenceAccording to data from the US Commodity Futures Trading Commission, as of April 11, large speculators based on hedge funds, the net short position in the S & P 500 Index Electronic Mini Futures has increased to about 321,000 contracts.At the same time, Goldman Sachs warned that the financial report of US stocks is about to open, and the profit of the US listed company will decline since the new crown epidemic.
[700 billion giants announced]
On April 11, local time, Aletca, the largest old fund in Sweden, announced that due to the "Thunder" incident of the US Bank of China, Magnus, CEO of the fund, dismiss the fund
Billing and take effect immediately.
In the announcement, Aletca's board of directors relentlessly stated that the huge losses investing in US banks have seriously affected the confidence of the outside world.Therefore, the board of directors concluded that AETCA needs a new management to implement the reform required by the asset management business and rebuild confidence.
At the same time, the board of directors appointed the fund's deputy CEO
Katarina Thorslund temporarily acts for CEO and began to find new heads.
And the "fuse" that caused Billing to lose the rice bowl is exactly the bankruptcy crisis that broke out in the US banking industry
According to data disclosed by Aletca, the fund's securities asset portfolio contains the Silicon Valley Bank, SIGNATURE Bank of New York, and the first Communist Bank stocks that have suddenly bankruptcy in this round, which directly led to the fund's huge loss of nearly 20 billion Swedish Krona
(About 12.8 billion yuan)
"Stepping on Sanlei" directly Aletca has become a hot topic in the world's hot investment circle, which may make a large number of investors redeem funds. Because the Swedish pension system allows the public to invest in some pensions in their favorite funds.
In this regard, Billing acknowledged that entering the US market is a huge failure ", but he tried to dilute the negative impact of" stepping on San Lei "and argued that he could not lose 2%of the fund capital.
It is reported that the assets managed by Alecta exceeded 104 billion US dollars
(About 720 billion yuan)
It is not only the largest pension of Swedish asset management, but also the fifth largest pension company in Europe. It has 2.6 million private customers and 35,000 corporate customers.
In this wave of banking, ALECTA is the largest pension fund in the global thunderbolt.
In fact, recently, Aletca has just experienced a wave of personnel turmoil.Among them, Liselott, the stock investment director responsible for investing in U.S. banks
LEDIN was removed, and the company's asset management business director Henrik
Gade Jepsen is already in a state of long illness.
At the same time, Aletca announced the latest announcement that the company's board chairman Ingoli Bond will take the company's business as a representative chairman until further notification.
[Super "money printing machine" suddenly turn off]
The global super "money printing machine" is turning off, and the current British euro zone and the United States have begun to decline sharply.
In the euro zone, the six -month change rate of M3's broad currency supply of less than three -year deposits and cash equivalents has now fallen to the lowest level since 2010. M1 narrow currency supply is the growth rate of cash and overnight deposits.The first time since the birth of the euro in 1999, it fell to negative values.
The Royal Bank of Canada's capital market strategist said M1 narrow currency, cash, and overnight deposits have developed negative growth for the first time since the establishment of the euro zone in 1999.
In the UK, the actual M4 currency supply growth rate -covering M3, various credit and other mobile financial instruments has also been significantly lower than the trend level.
Asset Management Giant Jun Lennderson's Economic Consultant British Economist Simon Ward
(Simon
Ward) warned that the annual growth rate of broad currencies in the euro zone and Britain was far lower than the average level of the 2010s.This is very worrying that it will imply the arrival of economic recession and shrinking.
In the United States on the other side of the ocean, the situation seems to be even more serious. Since the bankruptcy of Silicon Valley Bank, the US credit austerity storm has intensified.According to the latest data disclosed by the Federal Reserve, as of the end of March, US commercial banks' credit fell to US $ 1.729 trillion, a two weeks of plunge over $ 310 billion.In addition, the Dallas Fed's investigation found that the total amount of bank loans in the United States has declined for the fifth consecutive week.Consumer loans have also contracted sharply.
On April 10, local time, the New York Fed issued a report saying that consumers believe that the proportion of credit in the difficulty of credit rose to 58.2%compared to 58.2%a year ago, which is a new high since June 2013.
According to a monthly investigation of the Bank of America's monthly fund manager, credit tightening is the biggest tail risk. 31%of institutions believe that this is a major threat to the capital market and economy.Essence
Solten, chief economist of private equity giant Apollo
Slok) bluntly stated that credit austerity has begun, and the risk of "hard landing" in the US economy is no longer able to ignore.
In addition, the famous economist Ruibini, known as the "Doctor Doctor"
(Nouriel
ROUBINI also issued a warning saying that a large part of the US banking system is facing serious credit tightening, which will make the possibility of economic recession and hard landing than before.
[The empty storm strikes]
The haze of economic recession and the arrival of the U.S. dollar cashier season, global hedge funds short -term US stocks have reached a new high since 2011.
According to data from the US Commodity Futures Trading Commission, as of April 11, large speculators mainly hedge funds have increased their nets in the S & P 500 Index Electronic Mini Futures to about 321,000 contracts.This is the most pessimistic data since the US sovereign credit rating in November 2011.
In addition, data from the main brokers under the Goldman Sachs Group show that after chasing the rise of technology stocks, hedge funds have begun to turn into sellers and are losing their bulls in the industry at the fastest speed of 15 months.
In addition to worrying about the decline in the US economy, short investors may be betting on the US stock financial report season. On Friday, local time, Morgan Chase, Wells Fargo, Citi Group and other large banks will release a quarterly financial report and open the US stock financial report season.
Goldman Sachs warned that the profit of the new crown epidemic in the US listed company will decline since the new crown epidemic. It may have increased the profit margin of only three industries.%, It is expected to set the largest decline since the third quarter of 2020, and will make US stocks at a low profit cycle.
It is worth mentioning that the performance of listed companies in the United States in the first quarter of this year will be particularly critical. It will become an important basis for investors to judge whether the US economy slows down, as well as the impact of adverse factors such as rising interest rates, under pressure and slow demand of banking systems.How to actively respond.
