FIR TREE CAPITAL MANAGEMENT LP other names

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Adviser Profile

As of Date:

04/24/2024

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%

GAV:

1,543,569,786 -57.02%

Avg Account Size:

59,876,504 -57.55%


SMA’s:

YES

Private Funds:

31 1

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

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

Recent News

Activist Fir Tree ups pressure on SBB
12/08/2023

New York-based hedge fund firm Fir Tree Partners has upped the pressure on embattled Swedish landlord SBB by raising 'serious concerns' about the conduct of the company's directors, according to a report by Bloomberg.

Hedge Week

Embattled SBB Hit With New Demands From US Hedge Fund Fir Tree - Bloomberg.com
12/08/2023

Pressure is again mounting on embattled Swedish landlord SBB after its second largest shareholder quit the board and a US hedge fund raised ...

Bloomberg

Fir Tree Flags Potential Pitfalls in Landlord SBB's Bond Buyback - Bloomberg Law News
11/20/2023

US hedge fund Fir Tree Partners has called for clarity on SBB's recent offer to buy back a portion of its outstanding bonds, ...

news.bloomberglaw.com

Bloomberg Markets on X: "US hedge fund Fir Tree Partners calls for clarity on SBB's recent offer to ...
11/20/2023

US hedge fund Fir Tree Partners calls for clarity on SBB's recent offer to buy back a portion of its outstanding bonds https://t.co/Bz4qquudNK.

mobile.twitter.com

Converium sticks with El Salvador bond bet after 180% return
07/26/2023

Converium sticks with El Salvador bond bet after 180% return Submitted 26/07/2023 - 10:39am Converirium Capital, a hedge fund firm founded by former Fir Tree partners Aaron Stern, and Elliot Ruda, and ex-Clarke executive Michael Rapps in 2021, is sticking with its bet on El Salvador bonds, despite the debt posting a 180% return over the past year, according to ...

Hedge Week

Fir Tree Partners Is Launching a Fund to Invest in Distressed Crypto Assets - Decrypt
07/14/2023

The Fir Tree Digital Asset Opportunities Fund is set to launch on August 1st, according to an email seen by CoinDesk. The hedge fund sees digital ...

decrypt.co


Private Funds Structure

Fund Type Count GAV
Hedge Fund 30 $1,539,762,079
Venture Capital Fund 1 $3,807,707

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
46137V357 INVESCO EXCHANGE TRADED FD T (CALL) $66,512,700 11.00% 178.00% 150.00%
464287242 ISHARES TR (CALL) $48,955,984 8.00% 56.00% 44.00%
46137V357 INVESCO EXCHANGE TRADED FD T (PUT) $31,560,000 5.00%
88337F105 THE ODP CORP $22,485,939 4.00% 21.00% -1.00%
13765N107 CANNAE HLDGS INC $16,388,400 3.00%
29978K102 EVEREST CONSOLIDATOR ACQ COR $11,838,108 2.00% -17.00% -18.00%
29103K100 FTAC EMERALD ACQUISITION COR $10,510,723 2.00% 0.00% -1.00%
38287A101 GORES HOLDINGS IX INC $9,711,146 2.00% 1.00% 0.00%
55616P104 MACYS INC $15,090,000 2.00%
G6301J104 MOUNTAIN & CO I ACQUISITN CO $10,563,387 2.00% -1.00% -2.00%

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, 2022, the total net asset value of the Clients that Fir Tree managed on a discretionary and non-discretionary basis (including unfunded commitments) was approximately $3 billion. These numbers are based on estimated and unaudited information and are therefore subject to change.