POPA ReconTether’s Former CIO Plans to Sell Part of His Stake
Tether’s Former CIO Plans to Sell Part of His Stake Tether’s former chief investment officer Richard Heathcote is reportedly looking to sell a small portion of his 1.26% stake in the stablecoin giant. According to Bloomberg, he is working with PJT Partners on the secondary sale. Heathcote stepped down as CIO in March and later moved into a non-executive advisory role. His deputy, Zachary Lyons, took over day-to-day investment management at the company. The potential deal comes after Tether paused earlier plans to raise funds at a valuation of up to $500 billion, as the firm waits for its f…
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