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.
In its early days, the Singapore-based 3AC got into foreign exchange (FX) trading and reportedly practiced something called currency arbitrage, which allowed Zhu and Davies to…
