Cryptocurrency hedge fund Split Capital dissolves, founder joins Plasma as an executive

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ME News Report, April 7 (UTC+8), cryptocurrency hedge fund Split Capital has dissolved, and its founder Zaheer Ebtikar has joined stablecoin startup Plasma as an executive. Ebtikar’s decision to close Split Capital was not due to poor performance. The founder stated that their returns in 2024 and 2025 are approximately 100% and 20%, respectively. On the contrary, he believes that crypto hedge funds are no longer a viable business. “The entire crypto hedge fund industry has basically fallen out of favor.” By the end of 2025, Split Capital returned funds to investors. Previous supporters of the fund included venture fund Novi Loren and digital asset company UTXO Management. Although Ebtikar refused to disclose the specific amount managed by his company, he said the assets under management are in the “eight-figure” range. The fund will continue to operate on a smaller scale, using only its own funds. (Source: Foresight News)

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