The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received threats to their lives, which is why they remained under the radar.
Bloomberg reported on Friday that Su Zhu and Kyle Davies, both 35 years old, asserted that Three Arrows’ margin calls on loans that should never have been made because of their botched crypto investment are now descending.
Zhu and Davies blame the sudden downfall of Three Arrows to their wildly ambitious assumptions, with Zhu stating that they set themselves for a market “that never materialized.”