3AC Liquidators Plan to Impose A Hefty $10,000 Per Day Fine on Co-Founder

Liquidators of the now-defunct hedge fund Three Arrows Capital (3AC) have requested a judge to fine co-founder Kyle Davies $10,000 per day, over the charges of their refusal to cooperate with their investigation into the firm’s collapse. This has impeded their ability to unwind 3AC’s operations, said the liquidators.