PANews reported on November 7th, citing CoinDesk, that Lantern Ventures, a London-based proprietary trading firm founded by some former members of Alameda Research (SBF's, Sam Bankman-Fried), is gradually liquidating its funds after seven years of operation. The company is returning funds to investors and closing its external funds, potentially resulting in job losses for many employees. It is understood that the company has been in talks with potential buyers, with other options including a reboot as a family office. At its peak, Lantern, managed by cryptocurrency trader and former Alameda co-founder Tara Mac Aulay, managed over $600 million in assets. Mac Aulay declined to comment. Many say the cryptocurrency market crash of October 10th has made it more difficult for institutions to raise funds today.PANews reported on November 7th, citing CoinDesk, that Lantern Ventures, a London-based proprietary trading firm founded by some former members of Alameda Research (SBF's, Sam Bankman-Fried), is gradually liquidating its funds after seven years of operation. The company is returning funds to investors and closing its external funds, potentially resulting in job losses for many employees. It is understood that the company has been in talks with potential buyers, with other options including a reboot as a family office. At its peak, Lantern, managed by cryptocurrency trader and former Alameda co-founder Tara Mac Aulay, managed over $600 million in assets. Mac Aulay declined to comment. Many say the cryptocurrency market crash of October 10th has made it more difficult for institutions to raise funds today.
Sources familiar with the matter: Lantern Ventures, a firm founded by former Alameda co-founder, is gradually liquidating its funds.
PANews reported on November 7th, citing CoinDesk, that Lantern Ventures, a London-based proprietary trading firm founded by some former members of Alameda Research (SBF's, Sam Bankman-Fried), is gradually liquidating its funds after seven years of operation. The company is returning funds to investors and closing its external funds, potentially resulting in job losses for many employees. It is understood that the company has been in talks with potential buyers, with other options including a reboot as a family office. At its peak, Lantern, managed by cryptocurrency trader and former Alameda co-founder Tara Mac Aulay, managed over $600 million in assets. Mac Aulay declined to comment. Many say the cryptocurrency market crash of October 10th has made it more difficult for institutions to raise funds today.
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