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Resignation of Arca’s VP of Portfolio Management

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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 resign…

Resignation of Arcas VP of Portfolio Management

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:


The recent resignation of Hassan Bassiri, Arca’s vice president of portfolio management, has raised questions about the state of the crypto hedge fund. The sudden departure of a senior executive in a crypto company is not an uncommon occurrence, but the timing and reason for Bassiri’s departure remain unclear. Bassiri had a decade-long career at KPMG before he joined Arca, where he worked in the M&A team and served as a DeFi analyst. He co-managed the Arca Digital Yield Fund with Jeff Dorman, the chief investment officer, before the fund closed in August 2022, and Bassiri chose to leave a few months later.

The closure of the Digital Yield Fund is likely to be a significant factor in Bassiri’s resignation. The fund’s short life span raises questions about its performance and the viability of Arca’s investment strategies. The Digital Yield Fund was designed to provide investors with attractive yields by investing in decentralized finance (DeFi) protocols. However, the fund’s closure suggests that Arca’s investment thesis did not work as anticipated. It is unclear whether other Arca funds are performing better, and whether the Digital Yield Fund’s closure will affect the company’s overall performance.

Bassiri’s departure may also reflect internal conflicts within Arca. The lack of transparency around the reasons for his resignation may indicate that there are disagreements within the company’s leadership. It is also possible that Bassiri’s resignation is part of a broader restructuring effort, as Arca seeks to address its performance challenges and adjust its investment strategy.

In conclusion, the resignation of Arca’s VP of Portfolio Management raises concerns about the crypto hedge fund’s performance and direction. The closure of the Digital Yield Fund and the lack of transparency around Bassiri’s departure are likely to add to the scrutiny of Arca as it seeks to navigate a challenging and rapidly changing crypto market.

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