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Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack Fallout

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  • Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack Fallout

    Fund Down
    Neural Capital, a crypto hedge fund, has closed, having lost half its money since launching in 2017. Three people familiar with the matter said the fund’s crypto-assets were liquidated in December and the fund is in the process of refunding leftover money to investors, a process taking longer than expected. At its height, Neural Capital managed over $13 million from over 40 investors, including Greylock partner Joshua Elman and Expa partner Hooman Radfar. It joins several funds founded in 2017 that have announced closures in 2020, including Adaptive Capital, Prime Factor Capital and Tetras Capital.

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