Hedge funds face potential $525m clawback after Cayman appraisal trade backfires
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Hedge funds face potential $525m clawback after Cayman appraisal trade backfires

hedgeweek
2 weeks ago
30 views
Oasis Management, Pentwater Capital Management, Alpine Global Management, Millennium Management, and Man Group, are facing the prospect of repaying over half a billion dollars after an appraisal arbitrage bet turned sharply against investors, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the hedge funds could collectively be required to return around $525m linked to a Cayman Islands appraisal case.
The dispute stems from the 2022 t...

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