Diameter’s Winning Bet on First Brands Turns ‘Horribly Wrong’

After Scott Goodwin and Jonathan Lewinsohn nailed a short bet on First Brands Group, an auto-part supplier that rattled credit markets when it collapsed last year, the two doubled down...

By Laura Benitez, Nishant Kumar · Bloomberg Markets

After Scott Goodwin and Jonathan Lewinsohn nailed a short bet on First Brands Group, an auto-part supplier that rattled credit markets when it collapsed last year, the two doubled down with a reverse wager — hoping for a second payout.