5 entries tagged “hedge-fund”.
A crypto hedge fund (with affiliate VQR Multistrategy Fund) that claimed ~$90M in assets and a market-neutral arbitrage strategy. Founder Stefan Qin pleaded guilty to securities fraud after draining investor capital; he was sentenced in 2021 to 7.5 years.
Co-founder of Three Arrows Capital (3AC), the crypto hedge fund whose 2022 collapse left ~$3.5B in creditor claims. Singapore's MAS banned him for nine years and a court sentenced him to four months for failing to cooperate with liquidators; his whereabouts have been reported as unknown.
Co-founder of the Singapore crypto hedge fund Three Arrows Capital (3AC), which collapsed in 2022 owing creditors ~$3.5B. Singapore's MAS banned him for nine years; he was jailed four months in 2023 for failing to cooperate with liquidators and arrested at Changi Airport.
Australian founder of the Virgil Sigma and VQR crypto hedge funds. He pleaded guilty to securities fraud after draining a fund that claimed ~$90M, and was sentenced in 2021 to 7.5 years in prison and $54.8M forfeiture.
A Singapore-based crypto hedge fund, once reportedly managing ~$10B, that collapsed in June 2022 amid heavy leverage and the Terra/LUNA crash. A BVI court ordered it liquidated; Singapore's MAS banned founders Su Zhu and Kyle Davies for nine years.
