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Hedge fund Diameter made a "good profit" buying FTX debt

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2024-07-23 08:34:31
Diameter Capital Partners, a hedge fund, "profited handsomely" from its bets on its bankruptcy proceedings after FTX collapsed.
The agency, which originally bought FTX debt with expected earnings of more than 20 cents per dollar, has surged to more than 100 cents. The deal was the largest contributor to second-quarter earnings for Diameter's two key funds. (Bloomberg Law)
Previously, in March, Bloomberg revealed that six institutions in the field of bad investment (all of which are the world's largest non-performing asset investment institutions) have purchased a total of about 1.265 billion US dollars of FTX claims, of which Attestor purchased a nominal claim amount of 394 million US dollars, Farallon is 259 million US dollars, Baupost is 239 million US dollars, Oaktree is 143 million dollars, Diameter is 128 million dollars, Silver Point is 102 million dollars.
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