Stefan Chu, who ran the over-the-counter (OTC) trading desk at TPS Capital, has left the company.
His departure comes on the heels of the trading firm’s attempt to distance itself from Three Arrows Capital, the collapsed hedge fund.
Chu left TPS in late July, according to two people with knowledge of the situation, and he recently began describing himself as"ex TPS" onHis departure comes a few weeks after TPS moved to distance itself from Three Arrows Capital , the hedge fund now in liquidation after failing to repay loans from an array of crypto institutions. Inon July 7, TPS said it's an “independent legal entity and its operations are separate and distinct from those of 3AC.
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