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Adviser Profile

As of Date 05/23/2024
Adviser Type - Large advisory firm
Number of Employees 31 -6.06%
of those in investment advisory functions 13 18.18%
Registration SEC, Approved, 3/8/2012
AUM* 1,975,924,644 -46.12%
of that, discretionary 1,975,924,644 -41.51%
Private Fund GAV* 1,543,569,786 -57.29%
Avg Account Size 59,876,504 -57.55%
SMA’s Yes
Private Funds 31 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- State or municipal government entities
- Other investment advisers

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
18B 16B 13B 10B 8B 5B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count30 GAV$1,539,762,079
Fund TypeVenture Capital Fund Count1 GAV$3,807,707

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker46137V357 Stock NameINVESCO EXCHANGE TRADED FD T (CALL) $ Position$33,529,548 % Position18.00% $ Change-73.00% # Change-73.00%
Stck Ticker00751Y106 Stock NameADVANCE AUTO PARTS INC $ Position$18,999,000 % Position10.00% $ Change-36.00% # Change-14.00%
Stck Ticker55616P104 Stock NameMACYS INC (CALL) $ Position$14,592,000 % Position8.00% $ Change # Change
Stck Ticker03674X106 Stock NameANTERO RESOURCES CORP $ Position$7,341,750 % Position4.00% $ Change # Change
Stck Ticker09257WAE0 Stock NameBLACKSTONE MORTGAGE TRUST IN $ Position$3,247,531 % Position2.00% $ Change # Change
Stck TickerG1676M105 Stock NameBUKIT JALIL GBL ACQUISITION $ Position$4,564,661 % Position2.00% $ Change90.00% # Change84.00%
Stck Ticker35088F107 Stock NameFOUR LEAF ACQUISITION CORP $ Position$2,926,800 % Position2.00% $ Change1609.00% # Change1598.00%
Stck Ticker61244M109 Stock NameMONTEREY CAP ACQUISITION COR $ Position$4,661,641 % Position2.00% $ Change7.00% # Change5.00%
Stck Ticker67421JAC2 Stock NameOATLY GROUP AB $ Position$3,504,265 % Position2.00% $ Change # Change
Stck TickerG3312W109 Stock NameEVERGREEN CORPORATION $ Position$4,021,500 % Position2.00% $ Change42.00% # Change40.00%

Brochure Summary

Overview

Fir Tree Capital Management LP (“Fir Tree”) is a Delaware limited partnership located in New York, NY (HQ), and Miami, FL. Founded in 1994, Fir Tree provides investment advisory services to its privately-offered single-investor and pooled investment vehicles (the “Funds”), separately managed accounts, trade advisory clients, and sub-advisory clients (“SMAs” and, together with the Funds, “Clients”). David Sultan and Clinton Biondo are the principals of Fir Tree and its general partner, FTCM GP LLC. Mr. Biondo assists Mr. Sultan in managing the investment team and day-to-day operations of Fir Tree. In addition to Messrs. Sultan and Biondo, certain employees of Fir Tree, responsible for investment and operation decisions of the Funds, have economic ownership in Fir Tree affiliates listed under Item 10 of this brochure. Fir Tree is a private investment firm that manages assets on behalf of endowments, foundations, public and private pension funds and other institutional and private investors. Fir Tree invests worldwide in public and private securities, loans, real estate debt and real property, sovereign debt and Digital Assets (as defined below). With respect to the Funds, Fir Tree adheres to the investment strategy set forth in each Fund’s offering and/or governing document and does not generally modify its securities recommendations to the Funds based on the particular interests of the Funds’ investors. Except for any restrictions set forth in the Funds’ offering and/or governing documents, neither the Funds nor their investors may impose restrictions on investing in certain securities or types of investments. With respect to SMAs, the investment strategy is set forth in the operative documents for each SMA, which generally will be based on the particular investment objectives and goals of the SMA client, who may impose restrictions on investing in certain securities or types of securities. The investment strategies employed by SMAs will at times overlap with the investment strategies employed by the Funds. Fir Tree has determined, and in the future
may determine, that the size of the available investment opportunity of an investment being made by one or more Clients meaningfully exceeds the amount that is appropriate for such Clients (taking into consideration the relevant provisions of the Clients’ offering and/or governing documents) or that existing or potential investors (including, but not limited to, certain Clients and/or certain underlying investors therein) may be interested in concentrated exposure to particular investment opportunities. In such event, Fir Tree may form one or more co-investment vehicles or enter into an SMA specifically to invest in such opportunity and offer one or more persons (including, but not limited to, SMA clients or investors in the relevant Funds) the opportunity to participate in such co-investment vehicles or SMAs. Fir Tree will determine the person(s) to whom it offers any such opportunity, and the relative amounts offered to each such person, taking into account such factors as Fir Tree determines appropriate based on the relevant facts and circumstances, which generally include one or more of the following: (i) the ability of an investor to commit to invest in a short period of time, in light of the timing constraints applicable to such investment; (ii) the ability of an investor to commit to a significant portion of such opportunity; (iii) the size of an investor’s commitment to a Fund or SMA; (iv) whether and to what extent an investor has accepted prior co-investment opportunities offered to it; or (v) such other factors as Fir Tree deems relevant, which may include subjective determinations such as working relationships and strategic benefits to Fir Tree or to Fir Tree’s Clients. In all cases, allocation of co- investment opportunities will be subject to the provisions of the offering and/or governing documents of the relevant Client(s). As of December 31, 2023, the total net asset value of the Clients that Fir Tree managed on a discretionary basis was approximately $1.2 billion. This number is based on estimated and unaudited information and are therefore subject to change.