Zhu Su: DC and SNC should be regarded as independent funds, and investors should retain ownership of their assets

ChainCatcher message, Three Arrows Capital founder Zhu Su posted a statement from a former director of Three Arrows Capital Ltd on Twitter:

"We understand that DeFiance Capital (DC) and Starry Night Capital (SNC) funds have been managed separately from other pools of Three Arrows Capital Ltd (TACL).

In procedure and practice, we believe that DC and SNC should be regarded as independent funds, as we did not actively manage the DC and SNC funds while serving as directors of TACL.

As the current interim liquidators of TACL, we believe that Teneo has repeatedly overstepped its authority in attempting to seize funds from other investors. Even from a technical and legal perspective, the assets of DC and SNC rightfully belong to the investor funds of TACL, which are in the liquidation process, and Interpath has been appointed to manage this process. We expect that, in the due course of law, the investors of DeFiance Capital and Starry Night Capital will retain ownership of their respective assets."