Moon Pursuit Capital launches $100 million market-neutral crypto fund

Core Insights - Moon Pursuit Capital is launching a $100 million market-neutral fund aimed at providing consistent, risk-adjusted returns across digital asset cycles [1] - The fund employs an algorithmic trading strategy designed to remain market-neutral and generate alpha without a strong directional price view [1][2] Fund Strategy - The fund's strategy includes bitcoin accumulation at perceived cycle lows and short-term altcoin trades during strong momentum periods to enhance returns and maintain a high Sharpe ratio [3] - The Sharpe ratio is utilized to measure excess return per unit of risk taken [3] Fund Structure and Accessibility - The fund is structured across multiple jurisdictions to cater to a global investor base, improving accessibility and tax efficiency [4] - This multi-jurisdictional framework is particularly relevant in the current cross-border capital environment [4] Performance and Growth - The first fund of Moon Pursuit Capital has achieved over 52% year-to-date and nearly 170% since its launch in April 2024, demonstrating the effectiveness of disciplined macro and quantitative strategies in volatile digital asset markets [5] - The first fund currently manages $30 million in assets and is experiencing growth [5] Expansion Plans - The launch of the new fund coincides with the firm's broader expansion plans, including new offices in the U.S., Dubai, and Singapore, along with the addition of leadership roles in portfolio management, trading, and fund administration [6] - The firm positions the fund as a systematic, rules-based investment option for institutional allocators seeking tighter volatility controls amid a focus on risk-managed strategies [6] Market Context - The launch follows a volatile period for the crypto market, which saw a loss of over $40 billion in October, while many funds reported double-digit losses; however, the firm's strategy only dropped about 3% but remained positive for the year [7]