Is Alameda research CEO Caroline Ellison worried about FTX collapse?

Earlier this month, Caroline Ellison, then the CEO of the hedge fund Alameda Research, sent a text saying she was "kinda worried that everyone is gonna quit/take time off" alongside a sweating-face emoji amid the collapse of its corporate sibling, the crypto exchange FTX, according to documents reviewed by The New York Times .

Who is Alameda trading?

Alameda was a quantitative trading firm founded by Sam Bankman-Fried in 2017. The company, known for aggressive trading strategies, offered crypto trading in every market and was led by CEO Caroline Ellison.

How did Alameda get its capital?

Its capital came from a mix of the group’s own funds and high-interest cryptocurrency loans from wealthy investors, according to a 2018 firm presentation viewed by The New York Times and people briefed on the firm’s operations. In recent years, Alameda struck bigger financing agreements with other crypto trading firms, the people said.

Is Alameda a Wall Street firm?

And its Bitcoin trade was a so-called arbitrage trade, also popular on Wall Street. But while Wall Street firms operate within guardrails that limit risk-taking and require regular financial disclosures, Alameda had no regulatory oversight. The firm initially managed around $55 million — a pittance in the financial world.