MNNC Group: A Rebirth for Crypto Hedge Funds
The crypto hedge fund formerly known as LedgerPrime has undergone a rebranding and is now known as MNNC Group. This relaunch comes after the bankruptcy of FTX, positioning MNNC Group as a comeback for the organization. The team behind MNNC Group includes former members of LedgerPrime, including Shiliang Tang, a former Chief Investment Officer. With their experience and expertise, MNNC Group aims to navigate the unstable crypto market and achieve impressive returns.
LedgerPrime’s Focus on Returns
MNNC Group, now based in the Cayman Islands, has received an undisclosed amount of investment from previous LedgerPrime investors. This demonstrates their faith in the team’s ability to navigate cryptocurrency markets successfully. MNNC Group has set a goal to surpass LedgerPrime’s impressive 40% annualized return rate at its peak. Their ambition is to overcome the aftermath of FTX’s collapse and emerge stronger than before.
Leveraging Legacy and Expertise
The revamped team at MNNC Group consists mainly of former LedgerPrime employees who bring a wealth of experience and strong track records. Their expertise forms the core of the company’s strategy in multi-strategy hedge fund operations, which offer diversification and robust returns. MNNC Group aims to instill confidence in investors and stakeholders by showcasing their long-term leadership capabilities in an uncertain environment.
New Ventures and Future Plans
Alongside the relaunch of MNNC Group, former members of LedgerPrime have also launched Split Capital. Led by Zaheer Ebtikar and Michael Churchouse, with assistance from Nai Boonkongkird and others, Split Capital offers a unique option for liquid token investment. The startup differentiates itself by focusing on long-term value creation rather than short-term strategies prevalent in the market. With the advisory role of Shiliang Tang, Split Capital aims to effectively utilize resources for sustainable development.
This strategic reboot of LedgerPrime as MNNC Group and the launch of Split Capital mark a significant moment in the crypto investment industry. It reflects an effort to overcome the challenges posed by the FTX debacle and pave a new path forward. With their strategic intelligence and knowledge of the crypto market dynamics, MNNC Group and Split Capital aim to redefine success in the crypto hedge fund space.
Hot Take: A Rebirth for Crypto Hedge Funds
MNNC Group’s rebranding and relaunch as a crypto hedge fund signals a fresh start for the organization after the bankruptcy of FTX. Led by former members of LedgerPrime, MNNC Group aims to navigate the volatile crypto market and achieve impressive returns. The team’s expertise and track record position them well for success in multi-strategy hedge fund operations. Additionally, the launch of Split Capital offers a unique option for liquid token investment, focusing on long-term value creation. This strategic reboot marks an important moment in the crypto investment industry, showcasing resilience and adaptability in overcoming challenges.
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