Crypto Fund LedgerPrime Planning to Refund Outside Investors: Report

Crypto hedge fund LedgerPrime is planning to return all capital to outside investors amid a transition to a family office, pending approval, according to an investor letter viewed by Seeking Alpha.

Crypto exchange FTX acquired LedgerPrime parent company Ledger Holdings last year. Ledger Holdings also owned the crypto futures platform LedgerX, which has since become FTX US Derivatives.

LedgerPrime, which has $300 million to $400 million in assets under management, according to Seeking Alpha, would continue to operate independently but would only make investments on behalf of trading firm Alameda Research, which was started by FTX founder and CEO Sam Bankman-Fried.

CoinDesk reached out to LedgerPrime for comment but hadn’t received a response by press time.

Read more: Co-CEO of Crypto Trading Firm Alameda Research Sam Trabucco Steps Down