How much money does 3AC have?

But Zhu and Davies have always maintained that the pot—all $3 billion of it, from what Davies told the Journal— is entirely theirs. To further complicate things, 3AC also housed two funds as sub-share classes: DeFiance Capital for DeFi investments and Starry Night Capital for digital art.

Was 3AC mismanagement before it collapsed?

The now bankrupt Three Arrows Capital (3AC) presented signs of mismanagement before the cryptocurrency hedge fund’s ultimate collapse. A report from New York Magazine reveals that 3AC co-founders Kyle Davies and Su Zhu faced criticism from banks and other traders before the company even entered the crypto market.

Why did 3AC invest $200 million in Luna?

He described the meltdown as the first domino to fall in a “long, nightmarish chain of leverage and fraud.” 3AC told the Wall Street Journal it had invested $200 million in luna. Other industry reports said the fund’s exposure was around $560 million.

Is 3AC the adult in the room?

“3AC was supposed to be the adult in the room,” said Nik Bhatia, professor of finance and business economics at the University of Southern California. As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world.