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# Hedge Fund

ALL From Hedge Fund

Arca Lays Off 30% of Staff Due to Crypto Winter and Regulatory Uncertainty

Arca, a Los Angeles-based hedge fund, has announced a 30% reduction in its workforce due to the ongoing crypto winter and regulatory uncertainty. The company's spokesperson stated that the bear market and uncertain regulatory environment have made growth hard to predict.

SEC Settles With Fraudulent Digital Asset Hedge Fund EmpiresX for $35M

The SEC has settled with digital asset hedge fund EmpiresX for $34,839,951 in disgorgement over charges of defrauding investors and violating securities law. EmpiresX and its founders were accused of luring investors with false claims of daily profits and misappropriating large sums of investors' money for personal use. The settlement imposes a disgorgement of $32,178,397 and an additional $2,661,554 in interest.

Swiss Banker Admits Helping Hedge Fund Manager Evade US Taxes

A Swiss banker pleaded guilty to fraud for helping an unnamed hedge fund manager and other US taxpayers hide $60 million in assets.

Hedge Fund Marathon Made Quick $30 Million on Credit Suisse Bet

Marathon Asset Management LP made around $30 million in a few days because of a well timed bet on Credit Suisse Group AG bonds.

Billionaire Chris Rokos De-Risks Hedge Fund After Losses

Chris Rokos has reduced risk in his macro hedge fund in response to double-digit losses this month, which could become his second-worst since the start of the money pool.

Founders of Bankrupt Hedge Fund 3AC Want to Set Up Stock Exchange for Insolvency Claims

The founders of the insolvent hedge fund Three Arrows Capital have teamed up with the founders of an insolvent stock exchange to revolutionize trading in bankruptcy claims.

Hedge Funds Subpoenaed by U.S. Prosecutors As Binance Probe Unfolds

According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to provide records of communications with Binance in the past months.

Citadel Posts Record Revenues for Hedge Fund, Securities Ops in 2022

Kenneth Griffin's Citadel marked record revenues in its hedge fund and electronic-trading businesses for 2022 despite turmoil in global capital markets, a source familiar with the matter said on Thursday.

$138 Billion Investment Manager Man Group to Launch Crypto Hedge Fund

Bloomberg reported on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its computer-led trading unit AHL. Citing private sources, Bloomberg disclosed that the new hedge fund could be ready by the end of the year.

Hedge Fund Galois Capital Discloses 'Roughly Half' of the Firm's Capital 'Stuck on FTX'

According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry” about the turn of events.