Three Arrows Capital, the hedge fund that filed for bankruptcy this month, is said to be on their way to a new location after the liquidators said they couldn't locate them during the proceedings. The pair talked about the collapse of the firm in an interview.
Kyle Davies and Zhu Su were in the spotlight this month after they were accused of abandoning their Singapore office. The founders didn't show up to an emergency meeting and were unresponsive in a scheduled call.
The duo reappeared, and a lawyer representing them said that they were en-route to the U.A. Davies and Su have previously stated that they would be reopening their business in the area due to the popularity of the area and the relaxed regulation.
Davies said in the interview that the situation is regrettable and that the firm's proximity to the bankrupt Terra led to their downfall.
According to a court document made public on Monday, the firm is in default on a $670 million loan from the company. The firms were exposed to the hedge fund.
Davies and Su focused on the fact that they suffered deep losses themselves, rather than the impact their firm has had on the broader space.
Since the firm's troubles were made public, they've received death threats. He brushed off the accusation that he and Davies used company assets as down payment for a luxury yacht, arguing that the yacht was purchased over a year ago and was fully transparent in the company's records.
Su said that this is a classic example of a headline that people like to play when things go wrong.
Su explained that the two were visiting to "assess whether we move there as originally planned or if the future holds something different for us."
It's just the interest for everyone if we can be physically secured and keep a low profile.
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