Galois Capital
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Galois Capital: No new fund will be established, and the details of the transaction to sell FTX claims cannot be disclosed
On February 21st, Galois Capital said on Twitter: “Our flagship fund is indeed going to close down. Nevertheless, I am proud to say that although we lost nearly half of our assets due to the FTX disaster and then sold our claims at the price of US dollars, we are one of the few companies that have closed down with positive performance so far. Although this is the end of the Galois era, the work we have done together in the past few years has not been in vain. At…
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Overview of important developments in the evening of February 20
12:00-21:00 Key words: Hong Kong, FSB, Galois Capital, Zipmex Interpretation of this information: The message is announcing the partnership between Hong Kong-based cryptocurrency exchange, Zipmex, and the Galois Capital investment fund, which specializes in investing in blockchain and cryptocurrency startups. Galois Capital is also a member of the Financial Stability Board (FSB), an international organization that monitors and recommends policies for the global financial system. This partnership is expected to bring expertise and support to Zipmex as it continues to grow and expand its operations in the Asia Pacific region….
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The hedge fund Galois Capital decided to close and return 90% of the funds not trapped in FTX to customers
On February 20, it was reported that the hedge fund Galois Capital decided to stop all transactions, close all positions, and return 90% of the funds not trapped on the FTX to customers after closing the fund, while the remaining 10% will be temporarily suspended until it is determined after discussion with the managers and auditors. Kevin Zhou, its co-founder, said, “Given the seriousness of the FTX situation, we think it is untenable to continue to operate the fund financially and culturally.” He said that he would rather sell the…
