Share this article
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.
By Brandy Betz
Updated May 9, 2023, 4:09 a.m. Published Feb 27, 2023, 8:15 p.m.
Make us preferred on Google
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
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
More For You
Susquehanna-backed Blockfills up for sale after $75 million lending loss
The Chicago-based company said it was temporarily suspending client deposits and withdrawals last week due to recent market and financial conditions.
What to know:
- Blockfills is said to be looking for a buyer after recording at least $75 million in lending losses.
- The firm suspended deposits and withdrawals last amid renewed market weakness, with bitcoin below $70,000 and ether under $2,000.
- The firm transacted over $60 billion in trading volume in 2025.
Top Stories
