Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT
Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.
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Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX.
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CEO Jean-Marie Mognetti described the move as “a natural progression”, given the “changing macro environment prominently marked by interest rates and inflation.”
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“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.