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Which banks managed to outperform during SVB crisis?
- Investment Management
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- 20.08.24
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Orbis Investments The date is March 9th, 2023, and the next day, Silicon Valley Bank (SVB) collapsed as losses on its bond portfolio prompted a run by its depositors. Credit Suisse and First Republic fell in its wake, leading to unorthodox interventions from authorities and fear of banking contagion rippling through global markets. But the banks held in the Orbis Strategies the day before SVB collapsed managed to outperform. Find out why in this article. Past performance is not a reliable indicator of future results Capital at risk