A $100 Million Crypto Fund Opens With the Goal of Going Long
June 6, 2019 – Bloomberg
Predictions ‘Difficult’
“It’s very difficult to predict the success of any single-asset fund” because returns are closely tied to the underlying asset, Josh Gnaizda, chief executive officer of Crypto Fund Research in San Francisco, said in an email. “These type of crypto funds do, however, tend to be more volatile than arbitrage and other quantitative funds that have less of a directional bias.”
The Darma funds are registered with the Commodity Futures Trading Commission as both a commodity pool operator and a commodity trading adviser. Over the last few years, the strategy…