CoinShares Launches Hedge Fund Division for US Investors
Cryptocurrency asset manager CoinShares is establishing a hedge fund division in the United States. The U.S. FINRA will conduct marketing activities for the new hedge fund division. CoinShares officially announced the news on September 22, stating that the company will make its offerings available to qualified U.S. investors for the first time. The CoinShares Hedge […]
Galois Capital halts operations after losing money in FTX exchange
Galois Capital, one of the victims of the FTX collapse, has declared bankruptcy after half of its assets became locked in the bankrupt exchange. The hedge fund eventually chose to close and deliver its remaining assets to investors. The hedge fund stated on November 12 via its official Twitter account that it has a large exposure […]
3AC bankruptcy faces issues amid unknown location of founders
The liquidators claim 3AC Co-founders are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Judge Martin Glenn ruled on Dec. 2 during a virtual hearing for the Southern District of New York Bankruptcy Court that Three Arrows Capital (3AC) liquidators must provide more paperwork before he will allow them […]
Man Group To launch Crypto Hedge Fund
London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund and digital assets. According to a November 18 Bloomberg article, Man Group is getting ready to introduce its cryptocurrency-focused hedge fund through its computer-driven trading subsidiary AHL. Bloomberg stated that the new hedge fund might be prepared by the end of […]
Celsius Former Boss cash Out $960K in CEL
Alex Mashinsky, who quit as CEO of Celsius on September 27, is still moving crypto out of wallets even though customers can’t withdraw their money. Nansen’s data shows that since the beginning of October, Alex Mashinsky’s wallets have sent almost $1 million in CEL and USDC to UniSwap and MetaMask. On-chain data from the analytics […]