1. PixelPlaygroundHome
  2. Web3 News

Arca VP of Portfolio Management Confirms Departure Amidst Fund Closure

• Web3 News • 111 views

According to reports, according to people familiar with the matter, Hassan Bassiri, vice president of portfolio management of Arca, has confirmed to leave the …

Arca VP of Portfolio Management Confirms Departure Amidst Fund Closure

According to reports, according to people familiar with the matter, Hassan Bassiri, vice president of portfolio management of Arca, has confirmed to leave the company. The time and reason for Bassiri’s resignation were not disclosed. However, it can be confirmed that the Arca Digital Yield Fund, jointly managed by Bassiri and Arca Chief Investment Officer Jeff Dorman, has been closed for several months due to the collapse of Terra. （CoinDesk）

Vice President of Arca Portfolio Management of Crypto Hedge Fund resigned

Interpretation of the news:


Arca’s Vice President of Portfolio Management, Hassan Bassiri, has confirmed his departure from the company, according to sources. The reason and timing of his resignation remain undisclosed. However, it is noted that the Arca Digital Yield Fund, which was co-managed by Bassiri and Arca’s Chief Investment Officer Jeff Dorman, closed down several months ago due to the collapse of Terra – an algorithmic stablecoin project that failed to maintain its peg to the US dollar.

This news comes at a time when Arca has been increasingly active in the digital asset space. The company made recent headlines with the launch of its first-ever actively-managed, SEC-registered fund, the Arca US Treasury Fund. Bassiri’s departure leaves a vacant leadership position in the portfolio management team, which may impact the company’s future investment decisions and performance.

There could be several reasons behind Bassiri’s resignation. One possibility could be the closure of the Digital Yield Fund, which may have caused disagreements between Bassiri and the company’s senior leaders. Another possibility is Bassiri’s own personal reasons, which were not disclosed. Whatever the reason, Arca will need to fill the vacancy with an expert portfolio manager to ensure its investment strategies stay on track.

It is important to note that the exit of a key player can impact an organization’s internal dynamics and external perception. Here, Arca may need to reassure its investors and employees that the departure of Bassiri will not have any negative impact on the company’s operations. At the same time, this presents an opportunity for Arca to bring in fresh perspectives and talent to the portfolio management team.

Overall, Bassiri’s departure from Arca amidst the closure of the Digital Yield Fund highlights the volatility of the digital asset market and the impact of operational disruptions on investment performance. Arca will need to remain agile and adaptive to external changes to maintain its position as a leading player in the digital asset space.

In summary, keywords such as Arca, portfolio management, departure, fund closure, and Terra indicate how these events have made an impact on the digital asset market. This news highlights the importance of diversification and contingency planning in digital asset investment strategies to help mitigate risks.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3819/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/28/2023 01:16
Next 02/28/2023 01:29

Recommended articles