Galois Capital Closes Flagship Fund with Positive Performance

02/21/2023 02:28 • Crypto & Markets • 68 views

On February 21st, Galois Capital said on Twitter: “Our flagship fund is indeed going to close down. Nevertheless, I am proud to say that although we lost nearly half of our assets due to the FTX disaster and then sold our claims at the price of US dollars, we are one of the few companies that have closed down with positive performance so far. Although this is the end of the Galois era, the work we have done together in the past few years has not been in vain. At present, I can only say that. Please continue to close Note. Seeing some comments about our bankruptcy, I just want to clarify two things. First of all, we will not establish a new fund.

Galois Capital: No new fund will be established, and the details of the transaction to sell FTX claims cannot be disclosed

Interpretation of the news:

Galois Capital’s recent Twitter statement announced the closing of their flagship fund, which lost nearly half of its assets due to the FTX disaster. The company, however, managed to sell its claims for US dollars and close down with positive performance so far. The statement also clarified that Galois Capital will not establish a new fund and reiterated that their work in the past few years has not been in vain.

The closure of Galois Capital’s flagship fund is a significant development for the company, but the message highlights their achievements despite the unfortunate circumstances. Their ability to close down with positive performance reflects their determination to succeed and their commitment to maintain their reputation as a trustworthy investment firm. It also shows that they are taking responsibility for their losses and making the best of a difficult situation.

The FTX disaster was a significant factor in the loss of nearly half of Galois Capital’s assets. Still, the firm’s ability to sell their claims at the price of US dollars indicates that they were proactive in minimizing the impact of the situation. Furthermore, the fact that they were one of the few companies that have closed down with positive performance so far speaks to the strength of their investment strategies and the quality of their work.

The message also addresses the rumors of Galois Capital’s bankruptcy and clarifies that they will not establish a new fund. While it may be disappointing for some investors, this decision highlights the company’s integrity, as they are not looking to take advantage of the situation by starting a new fund. Instead, they appear to be focusing on closing out their current obligations and ensuring that their clients are treated fairly.

In conclusion, Galois Capital’s message highlights their achievements, determination, and commitment despite the closure of their flagship fund. While the FTX disaster may have been a significant setback, the company’s ability to sell their claims and close with positive performance indicates their resilience and resourcefulness. The decision not to establish a new fund also speaks to their integrity and suggests that they are committed to upholding their reputation as a trustworthy investment firm.

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