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GoldenTree Nets About $100 Million on Credit Suisse-Led Turmoil

(Bloomberg) -- GoldenTree Asset Management made about $100 million in profit in the weeks following an emergency rescue of Credit Suisse Group AG by UBS Group AG, driven by a well-timed bet on so-called Additional Tier 1 bonds. Most Read from BloombergSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkrainePutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSweden Police Give Permit to Koran Burning Near ...
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Source: yahoo.com

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