BlockchainCryptocurrencyCryptocurrency TrendsDeFi

Vice President of Crypto Hedge Fund Arca Steps Down

The Los Angeles-based crypto hedge fund Arca announced a vacancy for the company vice president of the portfolio asset management unit. Arca management updated the company website revealing the departure of the outgoing vice president Hassan Bassiri. The Arca team eliminated Bassiri’s career profile from the website, which signaled a transition in management.

Arca Vice President Resigns

A statement issued by a person privy to the matter on February 27 revealed that Arca concealed the departure of Bassiri. The report failed to update the reason behind Bassiri’s unplanned departure.

Before joining the crypto hedge firm, Bassiri worked with leading financial provider KPMG. In his previous role, Bassiri worked closely with decentralized finance (DeFi) experts whose valuable input towards building his career propelled him to the top executive position.

📰 Also read:  Bitcoin Emerges Safest-Haven For Assets, Debts Surges To $17 Trillion

Nevertheless, Bassiri replicated the move made by Argo Blockchain chief executive Peter Wall who exited the firm for undisclosed reasons.

Arca Market Operation

Bassiri’s exit was followed by strong crypto market headwinds that prompted the company to shut down Arca’s digital yield fund. Before his departure, Bassiri liaised with investment director Jeff Dorman to develop and execute the organization strategies of the now-defunct Arca’s digital yield fund unit, which had been operational since 2021. 

Besides Arca’s obsolete unit, the firm owns three investment asset management firms, including Digital Investment Fund (DIF) that controls the issuance of the company’s native token. The Acra Endeavor Fund (AEF)and the non-fungible token (NFT) unit enable the firm to provide innovative investment services.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Price Analysis 30th May - BTC, BNB, XRP, ADA, DOGE, SOL, and ETH
📰 Also read:  Cryptocurrency Firm Bakkt Announces to Delist 25 Tokens


Kimberly Crain

Kimberly Crain is a seasoned crypto trader and writer, offering valuable insights into the digital asset market. With expertise in trading strategies and a passion for blockchain technology, her concise and informative articles empower readers to navigate the evolving world of cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content