The trading firm Lantern, founded by a former Alameda co-founder, is gradually winding down its fund.
Foresight News reported, citing CoinDesk, that Lantern Ventures, a London-based proprietary trading firm founded by some former members of Sam Bankman-Fried's Alameda Research, is gradually winding down its fund after seven years of operation, according to people familiar with the matter. Another source said that several employees at the hedge fund may face unemployment. The company has been in talks with potential buyers. Other options include relaunching as a family office.
Lantern is operated by crypto trader and former Alameda co-founder Tara Mac Aulay, and at its peak managed over $600 million in assets.
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