Shima Capital invested in PERPTools, an AI-powered perpetual trading platform, as part of an $8M seed round alongside BigBrain Holdings, NEAR, Animoca Brands, and Sfermion.
SEC revoked Shima Capital's investment adviser registration following a February 24, 2026 final consent judgment permanently enjoining the firm from future securities violations.
SEC revokes Shima Capital investment adviser registration
Shima Capital initiated an orderly wind-down in December 2025 after founder Yida Gao settled SEC fraud charges. The SEC alleged Gao defrauded investors of ~$170M through falsified track records and undisclosed self-dealing.
SEC filed civil complaint against Shima Capital and founder Yida Gao for $169.9M fraud involving falsified track records and undisclosed self-dealing. Fund announced orderly wind-down with FTI Consulting as independent adviser.