3AC Seeks Court to Fine Kyle Davies $10,000 per Day for Not Responding to Subpoena

3AC has asked a New York court to impose a $10,000-per-day fine on its founder Kyle Davies for failing to respond to a subpoena issued in March. The fund collapsed in June last year, managing around $18 billion at its peak. Authorities are trying to track down Davies and his fellow founder Su Zhu to gain further information about the company’s assets and financial records.