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But the crypto markets rebounded.
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When investors did back new funds, they did so tentatively. Private equity firms struggled to exit deals and return cash grew increasingly concerned about higher on existing managers. Rather than taking a chance rose for a third month preferred the tried-and-true, topping-up bets interest rates.
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Crypto Asset Manager CoinShares Starts US Hedge Fund DivisionBut more than $1 billion was invested in Three Arrows Capital, a hedge fund that failed in mid, leaving a hole in Genesis's balance sheet. (Bloomberg) -- It's tough out there for new hedge fund managers trying to raise cash, and it doesn't look like it'll get easier anytime soon. Online Crypto Course Founder Scammed Students With Fake Hedge Fund, SEC Alleges. Alleged fraud scheme cost 15 students about $ million; SEC.