2024 Sohn New York Conference: Scott Goodwin of Diameter Capital Likes This Distressed Bank

HFA Padded
HFA Staff
Published on
Updated on

The following are notes from Scott Goodwin’s presentation at the 29th Annual 2024 New York Sohn Investment Conference, which took place on April 3rd, 2024. Scott Goodwin¬†is currently a Managing Partner & Co-Founder at Diameter Capital Partners LP. Scott Goodwin is assessing what is left of Signature Bank Most of the $32 billion pool was sold to JV partners and Blackstone. That includes a $27.4 billion pool of first day mortgages. The FDIC claim covers 85%, so they lost somewhere around 15%. Deposits have been drawn from Signature bank. 9% of all deposits were uninsured Two days before FDIC took…


Login if you are HedgeFundAlpha Subscriber.

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.