Hassan Bassiri, the vice president of portfolio management at crypto hedge fund Arca, has left the firm. His profile is absent from Arca’s team page and a person close to the company confirmed his exit to CoinDesk.

The timing and reason for Bassiri’s departure weren’t disclosed. Before joining Arca he spent a decade at Big Four accounting firm KPMG on the mergers and acquisitions team, including a stint as a decentralized finance (DeFi) analyst.

Bassiri's exit comes several months after the Arca Digital Yield Fund – which he co-managed with Arca Chief Investment Offiucer Jeff Dorman – was shuttered. The Digital Yield Fund opened for business in the summer of 2021 but exposure to Terra's UST stablecoin and the fallout from that collapse led to the fund's closing in August.

Arca manages three other investment vehicles: the flagship Digital Assets Fund that invests in crypto company tokens, the venture capital-focused Arca Endeavor Fund and a non-fungible token (NFT) fund.

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