Hedge fund Galois Capital, which managed ~$200M in 2022, shutters, returns investor money, and sells claims for $0.16 after half its assets were trapped on FTX (Laurence Fletcher/Financial Times)

Laurence Fletcher / Financial Times:
Hedge fund Galois Capital, which managed ~$200M in 2022, shutters, returns investor money, and sells claims for $0.16 after half its assets were trapped on FTX  —  Co-founder Kevin Zhou says fund is no longer viable and sells claim on collapsed crypto exchange for 16 cents on dollar