Alameda Research Faced Significant Losses in Its Early Days Until Gary Wang, Nishad Singh Joined the Firm: Michael Lewis
In his biography of Sam Bankman-Fried, author Michael Lewis revealed that trading firm Alameda Research, initially started in 2017, almost lost millions of dollars from the first tranche of funds raised by Bankman-Fried. The funds were intended to be invested in the crypto markets, but poor fund management and losing bets resulted in significant losses. It wasn't until Gary Wang and Nishad Singh joined the firm that things turned around
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Alameda Research Faced Significant Losses in Its Early Days Until Gary Wang, Nishad Singh Joined the Firm: Michael Lewis
In his biography of Sam Bankman-Fried, author Michael Lewis revealed that trading firm Alameda Research, initially started in 2017, almost lost millions of dollars from the first tranche of funds raised by Bankman-Fried. The funds were intended to be invested in the crypto markets, but poor fund management and losing bets resulted in significant losses. It wasn't until Gary Wang and Nishad Singh joined the firm that things turned around