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Crypto Hedge Fund Arca VP of Portfolio Management Leaves
Hassan Bassiri’s exit comes months after the firm shuttered its Digital Yield Fund, citing market volatility.
Hassan Bassiri, the vice president of portfolio management at crypto hedge fund Arca, has left the firm. His profile is absent from Arca’s team page and a person close to the company confirmed his exit to CoinDesk.
The timing and reason for Bassiri’s departure weren’t disclosed. Before joining Arca he spent a decade at Big Four accounting firm KPMG on the mergers and acquisitions team, including a stint as a decentralized finance (DeFi) analyst.
STORY CONTINUES BELOW
Bassiri's exit comes several months after the Arca Digital Yield Fund – which he co-managed with Arca Chief Investment Offiucer Jeff Dorman – was shuttered. The Digital Yield Fund opened for business in the summer of 2021 but exposure to Terra's UST stablecoin and the fallout from that collapse led to the fund's closing in August.
Arca manages three other investment vehicles: the flagship Digital Assets Fund that invests in crypto company tokens, the venture capital-focused Arca Endeavor Fund and a non-fungible token (NFT) fund.
Brandy Betz
Brandy covered crypto-related venture capital deals for CoinDesk. She previously served as the Technology News Editor at Seeking Alpha and covered healthcare stocks for The Motley Fool. She doesn't currently own any substantial amount of crypto.
