A terrific long form write up by the NewYork on two Andover graduates who ran a Singapore-based crypto hedge fund called Three Arrows Capital that collapsed in excruciating and embarrassing fashion.
Her buyers, Su Zhu and Kyle Davies, two Andover graduates who ran a Singapore-based crypto hedge fund called Three Arrows Capital, never got the chance to spray Champagne across Much Wow’s bow. Instead, in July, the same month the boat was set to launch, the duo filed for bankruptcy and disappeared before making their final payment, marooning the unclaimed trophy in her berth in La Spezia on the Italian coast. While she has not been officially listed for resale, the intimate world of international super-yacht dealers has quietly been put on notice that a certain Sanlorenzo 52Steel, the coveted Cayman Islands flag billowing above her empty balconies, is back on the market.
https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html