CORRECTION: Three Arrows Capital provided misleading information and exceeded its designated threshold for assets under management, Singapore's regulator said. By egreechee
Singapore's central bank, the Monetary Authority of Singapore , reprimanded embattled hedge fund Three Arrows Capital for providing false information.
MAS said the fund gave misleading information to the regulator and exceeded the threshold set for assets under management, the regulator said in a3AC, as the fund is also called, was allowed to manage funds for 30 investors up to S$250 million when it registered as a fund management company in Singapore in 2013, MAS said.
The fund, founded in Singapore in 2012, has seen heavy losses during a market rout that has had bitcoin hovering around $20,000 in recent weeks, compared to peaks of $60,000 earlier this year.British Virgin Islands3AC did not respond to request for comment at press time.
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