Fir tree short tether
WebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators. The $4 billion hedge fund, founded by Jeff Tannenbaum , constructed a way to short Tether in an asymmetric trade, meaning the downside risk is small and potential to make money is great, … Web2/ Fir Tree is a hedge fund with ~$3 Bn in AUM and hundreds of holdings. SEC 13F filings show Fir Tree holds First Citizen's Bank, KKR, Comcast, and hundreds of other securities. They are heavy investors in Oil & Tobacco. These are deep value investors. - Twitter thread by Ram Ahluwalia, higher for longer crypto CFA @ramahluwalia - Rattibha
Fir tree short tether
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WebMar 11, 2024 · Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. Decrypt … WebMar 11, 2024 · Investors say hedge funds devised a way to short Tether, Fir Tree bets shorts will pay off in 12 months. Market valuation pegged to stablecoin Tether (USDT) on March 6, 2024 beyond $80 billion mark. Tether is the largest stablecoin by market cap, accounting for 4.43% of the entire crypto-economy value ($1.8 trillion) as of March 11, …
WebMar 16, 2024 · Hedge fund Fir Tree Capital has opened a Tether (USDT) short and expects it to pay off sometime over the next 12 months, reports Bloomberg. Fir Tree …
WebMar 13, 2024 · Fir Tree Capital Management, a $4B hedge fund, took out a large short position against Tether. If its bet pays off, the hedge fund is expecting to see returns … WebApr 6, 2024 · Fir Tree’s short wager was first revealed last month by Bloomberg News, which noted that previous efforts to short Tether by other hedge funds found no takers. …
WebTether's latest quarterly attestation (take it for what you will) reveals that they held at least $24 billion worth of commercial paper at the end of 2024. Putting all of this together, it's fairly clear that Fir Tree's expected catalyst is related to …
WebFir Tree’s short bet thesis is reportedly based on the expectation that Tether’s commercial paper holdings will suffer a significant decline in value thanks to China's ongoing real estate crisis. As such, the $4 billion hedge fund expects … duns number submit financial informationWebfir, (genus Abies), genus of more than 40 species of evergreen trees of the conifer family Pinaceae. Although several other coniferous trees are commonly called firs—e.g., the … duns number search japanWebTether's latest quarterly attestation (take it for what you will) reveals that they held at least $24 billion worth of commercial paper at the end of 2024. Putting all of this together, it's fairly clear that Fir Tree's expected catalyst is related to … duns number change to ueiWebMar 12, 2024 · Fir Tree is betting that its short wager could see a payday within 12 months and its thesis against Tether centers around the coin’s roughly $24 billion in high-yield commercial paper, much of ... duns number replaced with ueiWebJan 1, 2024 · Bloomberg reported in March 2024 that Fir Tree, a hedge fund with $4 billion in assets under management, has taken a short position against Tether. At the time, the hedge fund even noted its willingness to … duns number replacement government contractsWebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators. The $4 billion hedge … d-u-n-s number lookup dnb.comWebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators. duns number co to je