.FTX_Official-owned hedge fund ledger_prime is reportedly planning to return all capital to outside investors as it transitions to a family office structure. BrandyBetz reports
"Yes nothing is changing; [we're] not shutting down," wrote Tang."LedgerPrime as name and entity will still remain along with everyone at the firm and will operate independently with same strategies as we always have. We are just returning outside capital."
Crypto exchange FTX acquired LedgerPrime parent company Ledger Holdings last year. Ledger Holdings also owned the crypto futures platform LedgerX, which has sinceLedgerPrime, which has $300 million to $400 million in assets under management, would continue to operate independently but would only make investments on behalf of trading firm Alameda Research, according to Seeking Alpha. Alameda was started by FTX founder and CEO Sam Bankman-Fried.
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