Crypto hedge fund Neural Capital announces closure after accumulatively losing half of its funds

According to Coindesk, people familiar with the matter said that the crypto hedge fund Neural Capital has accumulated a loss of half of its funds and is returning the remaining funds to investors. Neural Capital’s encrypted assets were liquidated in December, and part of the cash is still in custody. The financial report shows that by 2019, Neural Capital managed more than 13 million U.S. dollars and attracted more than 40 investors with an investment scale of more than 250,000 U.S. dollars, including Greylock partner Joshua Elman and Expa partner Hooman Radfar. In addition, Neural Capital withdrew its registration with the U.S. Securities and Exchange Commission in December 2019, and stopped submitting obligations to California and federal agencies this year. People familiar with the matter said that fund managers Arij Nazir and Christopher Keshian are newbies in the hedge fund industry. There had been disputes before, and Keshian left Neural Capital last year.