Three Arrows Capital, a Singapore-based hedge fund, suffered losses due to a series of ill-timed trades. The firm’s founders, Su Zhu and Kyle Davies, were forced to liquidate their personal holdings to cover the losses. However, the liquidators appointed to recover the losses have managed to recoup the funds lost by the founders.
The Role of Liquidators
Liquidators are appointed to recover assets and funds for creditors of a company that has gone bankrupt or is in financial distress. In the case of Three Arrows Capital, the liquidators were tasked with recovering funds lost by the firm’s founders.
The Recovery Process
The liquidators for Three Arrows Capital worked tirelessly to recover the funds lost by the founders. They were able to identify and recover assets from various exchanges and wallets, and were also able to negotiate with counterparties to recover additional funds.
The case of Three Arrows Capital serves as a reminder of the importance of risk management in the world of finance. Even the most experienced traders can make mistakes, and it’s important to have measures in place to mitigate the impact of such mistakes.
The liquidators for Three Arrows Capital have managed to recover the funds lost by the firm’s founders. This serves as a testament to the effectiveness of the liquidation process, and the importance of risk management in the world of finance.