Galois Capital: No new fund will be established, and the details of the transaction to sell FTX claims cannot be disclosed

On February 21st, Galois Capital said on Twitter: “Our flagship fund is indeed going to close down. Nevertheless, I am proud to say that although we lost nearly half of our assets due to the FTX disaster and then sold our claims at the price of US dollars, we are one of the few companies that have closed down with positive performance so far. Although this is the end of the Galois era, the work we have done together in the past few years has not been in vain. At present, I can only say that. Please continue to close Note. Seeing some comments about our bankruptcy, I just want to clarify two things. First of all, we will not establish a new fund.

Interpretation of this information:

On February 21st, Galois Capital announced on Twitter that their flagship fund is going to close down. Despite losing almost half of their assets due to the FTX disaster and subsequently selling their claims at the price of US dollars, they claim to be one of the few companies to have closed down with positive performance. Although this marks the end of the Galois era, they are proud of the work they have done over the past few years. They clarify that they will not establish a new fund and encourage their followers to continue to follow their work.

The announcement from Galois Capital sheds light on the struggles that financial companies continue to face in the challenging global economic climate. Despite this, they have been able to close down with positive performance, which is a noteworthy achievement in itself. The fact that they have clarified that they will not establish a new fund highlights their commitment and integrity, as they do not want to create unrealistic expectations among their followers.

The announcement is also significant in terms of the impact of disasters on financial companies. The FTX disaster appears to have had a significant impact on Galois Capital, as they lost nearly half of their assets. This highlights the importance of managing risks and contingencies in financial management, as unforeseen events can have major consequences.

Overall, the announcement from Galois Capital is a sign of transparency and professionalism, as they have communicated openly with their followers about the closure of their flagship fund. Despite closing down, they encourage their followers to continue to engage with their work, indicating that they may still have a role to play in the financial sector.