Crypto fund shuts down due to Corona-induced 'Black Thursday' causing onslaught of margin calls

posted 8 months ago
Crypto-focused Cambrial Capital fund is winding down its operations. The fund holds (or held) almost $8M million in assets, and it appears to have fallen victim to the coronavirus crisis where March 12th, aka “Black Thursday,” saw BTC prices go down over 40%.

Launched in 2018 and regulated by the U.K.’s Financial Conduct Authority (FCA), the Cambrial Capital fund cannot comment publicly without approval from their regulatory attorneys first, but 2 sources said the coronavirus “black swan” brought an onslaught of margin calls.
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