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How fast can big firms or anyone who has money in Evergrande reposition themselves from taking losses when it defaults?
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Considering how Ken griffin himself had a meeting with Evergrande top management (cannot find an article regarding who from China they held the meeting with) how hard is it for say citadel who is invested in Evergrande, to reposition themselves or pull out entirely without taking heavy losses as many seem to believe that a default would not lead to margin call failures or a significant hit to their total asset value. Was Ken griffin just going over there to fake worry over the incoming default or is there actual worry?

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3 years ago