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GoldenTree makes $100m from AT1 bet

July 3, 2023 : Permanent Link

(Hedgeweek)The turmoil in the weeks following the emergency rescue of Credit Suisse by rival UBS Group proved to be a profitable time for GoldenTree Asset Management, with the hedge fund making a profit of around $100 million from a bet on Additional Tier 1 (AT1) bank bonds, according to a report by Bloomberg.

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