Odaily News After the collapse of FTX, hedge fund Diameter Capital Partners "profited handsomely" by betting on its bankruptcy proceedings. The institution initially purchased FTX debt with an expected return of more than 20 cents on the dollar, which has now soared to more than 100 cents. The transaction was the largest contributor to the returns of Diameter's two key funds in the second quarter. (Bloomberg Law) Earlier in March, data disclosed by Bloomberg showed that six institutions in the field of distressed investments (all of which are the world's largest distressed asset investment institutions) had purchased a total of approximately US$1.265 billion in FTX debt, of which Attestor purchased a nominal claim amount of US$394 million, Farallon US$259 million, Baupost US$239 million, Oaktree US$143 million, Diameter US$128 million, and Silver Point US$102 million.