Latest news with #FirTree
Bloomberg
08-02-2025
- Business
- Bloomberg
Windhorst's Bond Trades Ensnared German Property Investor
Welcome to The Brink. I'm Libby Cherry in Frankfurt, where I looked at the connection between Lars Windhorst and German real estate tycoon Cevdet Caner. We also have news on hedge fund Fir Tree and Ukrainian bonds. Follow this link to subscribe. Send us feedback and tips at debtnews@ Aggregate Holdings, the Germany-focused real estate company helmed by tycoon Cevdet Caner, was one of the emblematic victims of rising interest rates. Formerly known for its string of properties on Berlin's shopping boulevard Kurfurstendamm, it slowly lost prized asset after prized asset to creditors before collapsing in court-supervised restructuring proceedings.
Bloomberg
07-02-2025
- Business
- Bloomberg
Hedge Fund Fir Tree Returns External Cash After Three Decades
New York-based hedge fund Fir Tree Partners — known for instigating activist campaigns against distressed companies — is returning outside capital to investors, according to a letter seen by Bloomberg News. Fir Tree, founded in 1994 by Jeffrey Tannenbaum, plans to return around 95% of capital within its Credit Opportunity Fund by early March and the remaining funds after a final audit, according to a letter to investors. This excludes its PAMLI Global Credit Convexity business, which will be transferred over to another investment manager and will continue its activities.
