Valiant Bets Against Credit as Hansen Sees Risks Markets Are Missing

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Valiant Bets Against Credit as Hansen Sees Risks Markets Are Missing

institutionalinvestor

1 month ago

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Valiant Capital's Chris Hansen is building a new hedge against what he sees as mounting credit risks — one he believes markets are largely ignoring.Tiger Cub Chris Hansen tells clients in his first-quarter letter that the firm is launching a new side pocket vehicle “to gain additional credit (short) exposure for the GP.” The new SPV, open to all investors, is designed to provide downside protection for investors during a market sell-off.

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