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Who are 3AC founders Kyle Davies and Zhu Su?
3AC founders Kyle Davies and Zhu Su have both taken to Twitter to speak on the recent collapse of crypto exchange FTX and its trading arm Alameda Research, saying that the firms were also involved with triggering 3AC’s bankruptcy. “I ran a hedge fund Three Arrows (aka 3AC) with Su for over a decade, 7 to 10 figures organic.Who is Su Zhu?
Three Arrows Capital office in Singapore. Photographer: Suvashree Ghosh/Bloomberg The arrest of Three Arrows Capital co-founder Su Zhu in Singapore on Friday was yet another example of the dramatically declining fortunes of formerly highflying crypto founders around the world.Who are Su Zhu & Kyle Davies?
After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation unleashed cascading margin calls on loans that should never have been made. Su Zhu and Kyle Davies, both 35, first became friends in high school.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.