3AC Ventures: Like 3AC but without the leverage
The founders of defunct Crypto hedge fund Three Arrows Capital ( 3AC ), Su Zhu and Kyle Davies , are apparently resurrecting it under the name ‘ 3AC Ventures.’ The venture’s new website says that it will “focus on superior risk-adjusted returns without leverage .” 3AC collapsed in 2022 after going long on the Terra/LUNA algorithmic stablecoin ecosystem and overleveraging its assets. Zhu and Davies have since blamed SBF, market manipulators, and others for the fund’s collapse and have spoken to the New York Times (NYT) about the year they took off to “eat very fatty pork… drink a lot of alcohol… and… go to the beach and meditate.” Meanwhile, the duo have also been trying their hand at anything and everything crypto-related while desperately avoiding their creditors. These include BitMEX co-founder Arthur Hayes who has repeatedly pressed them to pay him back the millions he’s owed . Awe that's sweet, is that your way of using symbolism to represent the...