This crypto hedge fund has grown its AUM by 400% over the previous 4 months

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CryptoSlate obtained an replace on Strix Leviathan, a Seattle-based crypto hedge fund, The group has been in enterprise since 2018 and solely trades the crypto markets utilizing proprietary buying and selling instruments and algorithms.

Strix Leviathan’s Fund, which operates a scientific funding strategy by taking lengthy and quick directional positions within the cryptocurrency markets.

The Fund’s system contains quite a lot of risk-on/risk-off fashions together with algorithmic momentum, trend-following, and pairs buying and selling, with its main goal of compounding investor capital over full market cycles with superior risk-adjusted returns.

The latter (risk-adjusted returns) is used to measure an funding’s return by inspecting how a lot danger is taken in acquiring the return. This implies not being a degen dealer and placing one’s complete portfolio maxed out to 125x leverage on the road. As a substitute, such a technique ensures the most important potential returns with strategically minimized danger (when it comes to capital).

2020 fund efficiency

Danger-adjusted returns in 2020 had been 124%, with the most important month-to-month mark in November 2020, with income of 31%, whereas its worst in Could, with losses of just below 11%. Bitcoin (and different cryptocurrencies) had been particularly risky throughout these durations, which can have contributed to the sizable income and losses.

The returns had been a ten-fold improve in comparison with 2019, when the fund returned a comparatively menial 10% to shoppers (however sufficient to make TradFi bros jealous.)

The Fund had superior efficiency in comparison with different funds just like the Bitwise 10 Index (BITX) and Bloomberg Galaxy Crypto Index (BGCI) by delivering on the upside of the asset class however doing so with about half of the volatility of a buy-and-hold strategy.  

The group has quadrupled their analysis and analyst group, has digitized their complete investor onboarding stream to simplify fund subscriptions and has up to date their investor portal with reporting and attribution monitoring of their quest to be probably the most clear fund within the house. 

The drawdowns had been considerably lesser as properly. Nest Fund solely noticed a max drawdown of 24%, whereas BITX and BGCI noticed 71.8% and 75.6% drawdowns respectively.

Strix Leviathan is domiciled in Delaware and the BVI, and has a minimal subscription of $50,000 with month-to-month and quarterly redemptions. Its price construction is a 2% administration price on principal capital and a 20% efficiency price on income (the business customary). 

All of Strix Levanthan’s cryptocurrencies are held with both custodians Anchorage or Coinbase, and the agency banks with crypto-focused participant Silvergate. The fund makes use of MG Stover as their Third Social gathering Administrator and Facet Advisors function their compliance consultants.

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