Dallas-Based Hedge Fund Buys Co-op Bank Stake

Sky News – A Dallas-based hedge fund boss who made millions of dollars from the 2007 US housing crash has snapped up a stake in the struggling Co-operative Bank.

Sky News has learnt that Hayman Capital Management is one of a group of City and Wall Street investors which were assigned shares in the Co-op Bank as part of a £400m fundraising aimed at shoring up its finances.

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