3 ms·
Was three arrows a scam or just acting like a hedgefund? It’s well known hedgefunds can go bust like LTCM. Especially if you’re doing arbitrage and your thesi
by adrr 4y ago
Was three arrows a scam or just acting like a hedgefund? It’s well known hedgefunds can go bust like LTCM. Especially if you’re doing arbitrage and your thesis is two disparate assets are price linked.
- JumpCrisscross 4y ago> well known hedgefunds can go bust like LTMS LTCM’s managers didn’t skip bail and go full fugitive [1]. [1] https://www.cnbc.com/2022/07/12/founders-of-bankrupt-crypto-hedge-fund-three-arrows-go-missing.html https://www.cnbc.com/2022/07/12/founders-of-bankrupt-crypto-...
- hailwren 4y agoThe whole 3AC story hasn't come out yet, but the rumor is that they were able to use the same collateral with different lenders. On top of that, they offered to "manage" portions of their vc investment treasuries. So, a scam.