Hipgnosis Songs Fund Gets Broiled by Independent Audit: ‘Below Music Industry Standards’

Shot Tower Capital has been conducting an independent valuation of Hipgnosis Songs Fund’s assets. The firm values the portfolio at $1.94B—which is 26% lower than Hipgnosis reported in its H1 results in December 2023. The final valuation report comes as Shot Tower wraps up its due diligence work on Hipgnosis...

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