Digital asset hedge fund Ledger Prime has rebranded as MNNC Group following the chapter of FTX, elevating new funding and bringing in former crew members.
MNNC Group, at the moment based mostly within the Cayman Islands, Safe Funding comes from earlier backers of LedgerPrime, however the precise quantity stays undisclosed.
The brand new enterprise retains a core crew of former LedgerPrime workers, together with former chief funding officer Shiliang Tang.
In September 2022, LedgerPrime transitioned to the household workplace of FTX’s sibling buying and selling firm, Alameda Analysis. Following FTX and Alameda’s chapter filings, LedgerPrime was pressured to stop operations.
At its peak, LedgerPrime managed practically $400 million in belongings and boasted a median annual return of about 40%.
Presently working as MNNC Group, the corporate goals to proceed the operations of its predecessor. He has 11 workers, most of whom are former LedgerPrime workers. Moreover, LedgerPrime alumni Zaheer Ebtikar and Michael Churchouse launched Break up Capital, a fund that takes a long-term view, particularly in liquid token investing.
