![]() Nest Fund only saw a max drawdown of 24%, while BITX and BGCI saw 71.8% and 75.6% drawdowns respectively. The drawdowns were significantly lesser as well. The team has quadrupled their research and analyst team, has digitized their entire investor onboarding flow to simplify fund subscriptions and has updated their investor portal with reporting and attribution tracking in their quest to be the most transparent fund in the space. The Fund had superior performance compared to other funds like the Bitwise 10 Index (BITX) and Bloomberg Galaxy Crypto Index (BGCI) by delivering on the upside of the asset class but doing so with about half of the volatility of a buy-and-hold approach. The returns were a ten-fold increase compared to 2019, when the fund returned a relatively menial 10% to clients (but enough to make TradFi bros jealous.) Bitcoin (and other cryptocurrencies) were especially volatile during these periods, which may have contributed to the sizable profits and losses. Risk-adjusted returns in 2020 were 124%, with the largest monthly mark in November 2020, with profits of 31%, while its worst in May, with losses of just under 11%. Instead, such a strategy ensures the largest possible returns with strategically minimized risk (in terms of capital). This means not being a degen trader and putting one’s entire portfolio maxed out to 125x leverage on the line. The latter (risk-adjusted returns) is used to measure an investment’s return by examining how much risk is taken in obtaining the return. The Fund’s system includes a variety of risk-on/risk-off models including algorithmic momentum, trend-following, and pairs trading, with its primary objective of compounding investor capital over complete market cycles with superior risk-adjusted returns. Strix Leviathan’s Fund, which operates a systematic investment approach by taking long and short directional positions in the cryptocurrency markets. CryptoSlate obtained an update on Strix Leviathan, a Seattle-based crypto hedge fund, The team has been in business since 2018 and exclusively trades the crypto markets using proprietary trading tools and algorithms.
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