Vice President of Portfolio Management of Arca Resigns

02/28/2023 21:51 • Daily Digest • 105 views

It is reported that Hassan Bassiri, vice president of portfolio management of Arca, a crypto hedge fund, has resigned. The time and reason for Bassiri’s resignation were not disclosed. Before joining Arca, he worked in the M&A team of KPMG, the four major accounting firms, for 10 years, including as a DeFi analyst. A few months after the closure of the Arca Digital Yield Fund, which he co-managed with Jeff Dorman, Arca’s chief investment officer, Bassiri chose to leave. The Digital Yield Fund opened in the summer of 2021, but closed in August 2022.

Hassan Bassiri, Vice President of Arca Portfolio Management of Crypto Hedge Fund, resigned

Interpretation of the news:

Hassan Bassiri, who served as the Vice President of Portfolio Management at Arca, a leading crypto hedge fund, recently resigned. The exact cause and time of his departure are not clear, but it is known that he had worked at Arca for a significant amount of time before his resignation. Prior to joining Arca, Bassiri worked with KPMG’s M&A team for a decade, where he served as a DeFi analyst.

The news of Bassiri’s resignation comes on the heels of the closure of the Arca Digital Yield Fund, which he co-managed with Jeff Dorman, the Chief Investment Officer of Arca. The Fund was started in the summer of 2021 but closed down a year later in August 2022. The reasons for the closure of the Digital Yield Fund are also not clear.

The resignation of a senior executive like Bassiri raises questions about the future direction and stability of Arca, which is one of the most prominent and respected crypto hedge funds. It is believed that Arca manages a significant amount of cryptocurrency assets, and the successful management of these assets is crucial to the fund’s success.

It’s possible that Bassiri’s resignation is a sign of growing internal instability at the hedge fund. However, it could also be that he decided to leave for personal reasons, such as pursuing other opportunities or starting his crypto hedge fund.

The abrupt departure of a senior executive in a leading company tends to attract attention from investors, customers, and stakeholders. Therefore, Arca’s management team will need to respond promptly to address concerns about the future direction of the fund and reassure investors that they are still committed to profitable and sustainable cryptocurrency investments.

In conclusion, the resignation of Hassan Bassiri from Arca, a top crypto hedge fund, is a significant development in the cryptocurrency market. The exact reasons behind his departure are unknown, but it highlights the growing instability in the industry. It’s essential for crypto investors to be aware of executive resignations and respond appropriately to minimize their exposure to risks.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/3819.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Vice President of Portfolio Management of Arca Resigns

Hassan Bassiri, Vice President of Arca Portfolio Management of Crypto Hedge Fund, resigned

Related recommendations