Person attributes
Su Zhu is a Singaporean entrepreneur and businessperson who cofounded the now-collapsed hedge fund Three Arrows Capital (3AC).
Zhu began his career after graduating from Columbia University with a bachelor's degree in mathematics. He started working at Flow Traders in 2009 as a trader. He later worked as a trader in Hong Kong for Deutsche Bank in 2011.
In 2012, Zhu cofounded the cryptocurrency hedge fund 3AC with former classmate Kyle Davies. 3AC was initially established with a focus on forex trading and eventually moved into the crypto space. In March 2022, the company managed approximately $10 billion in assets.
When the cryptocurrency market started collapsing in 2022, 3AC failed to repay hundreds of millions of dollars in loans. In June 2022, a court in the British Virgin Islands ordered Zhu's 3AC to liquidate with assistance from an advisory firm, Teneo, to help manage the process with 3AC.
In July 2022, 3AC filed for Chapter 15 bankruptcy in the United States. It is alleged that after the filing, Zhu and Davies decided to go on vacation to Bali to surf and meditate. In April 2023, Zhu, Davies, and the founders of CoinFlex launched another cryptocurrency exchange.A few months later, the Monetary Authority of Singapore banned Zhu from participating in the financial sector for nine years.
On September 29, 2023, Zhu was arrested at Changi Airport while attempting to leave the country. There had been a committal order placed against him and his 3AC partner, Kyle Davies, by the Singaporean Courts as a consequence for his failure to cooperate with liquidator investigations of his collapsed cryptocurrency fund, 3AC. The committal order ensures that he is imprisoned for four months so he is forced to work with appointed liquidators in an attempt to recover assets for creditors of 3AC.
