According to ChainCatcher, Bloomberg reported that several former employees of LedgerPrime, a digital asset hedge fund that was forced to close due to the FTX explosion, established a multi-strategy hedge fund MNNC Group and has raised a sum of money (around eight figures) from some of LedgerPrime's previous investors. MNNC Group's flagship quantitative market neutral strategy fund was launched in January, and its new directional fund is expected to be launched in March.
MNNC Group is registered in the Cayman Islands and currently has 11 employees, most of whom came from LedgerPrime, including Vidiella del Blanco and Kiani. LedgerPrime’s chief technology officer Johannes van Zeijts also joined the new fund.
In September 2022, LedgerPrime transformed into the family office of FTX sister trading firm Alameda Research. After FTX and Alameda declared bankruptcy, LedgerPrime was forced to close.