Hedge fund Fir Tree plans to launch a new fund focused on distressed crypto assets

ChainCatcher news, according to Coindesk, New York-based hedge fund Fir Tree Partners is launching a new fund focused on distressed crypto assets, "The Fir Tree Digital Asset Opportunities Fund," which will be launched on August 1.

Fir Tree stated: "Fir Tree performs best when we find mispriced, misaligned, or complex opportunities. We rarely encounter a situation where all three are present at the same time, but that is exactly what we are seeing in the crypto market now."