Patria Shares Slump After Shortseller Says Assets Are Inflated
Shares of Patria Investments Ltd. slumped after activist short seller Snowcap Research published a report alleging that the $50 billion alternative asset manager was holding some of its private equity...
By Allison McNeely · Bloomberg Markets
Shares of Patria Investments Ltd. slumped after activist short seller Snowcap Research published a report alleging that the $50 billion alternative asset manager was holding some of its private equity bets at inflated valuations and taking out fund financing to support those investments.