Bloomberg: Former employees of FTX-affiliated hedge fund LedgerPrime have established MNNC Group and completed an eight-figure fundraising
ChainCatcher news, according to Bloomberg, several former employees of the digital asset hedge fund LedgerPrime, which was forced to shut down due to the FTX collapse, have established a multi-strategy hedge fund called MNNC Group and have raised a sum of money (around eight figures) from some of LedgerPrime's previous investors. MNNC Group's flagship quantitative market-neutral strategy fund launched in January, and its new directional fund is expected to be launched in March.It is reported that MNNC Group is registered in the Cayman Islands and currently has 11 employees, most of whom are from LedgerPrime, including Vidiella del Blanco and Kiani. LedgerPrime's Chief Technology Officer Johannes van Zeijts has also joined the new fund.In September 2022, LedgerPrime transitioned to a family office for FTX's sister trading firm Alameda Research. After FTX and Alameda announced bankruptcy, LedgerPrime was forced to shut down.