Fri, Dec 6, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers August 2017

BULLETIN: Assets, performance, next launches, hires and other updates, A&P Emerging Manager Index

 

Sequoia and Andreessen Horowitz are secretly backing this cryptocurrency hedge fund

MetaStable Capital, a stealthy startup hedge fund based in San Francisco, invests only in cryptocurrencies such as Bitcoin and Ethereum. One of its founders is the well-known CEO of AngelList, Naval Ravikant.Since its launch in September 2014, MetaStable has delivered such eye-popping performance that it apparently lets the numbers mostly speak for themselves; it shuns publicity and never announced its recent fundraising round,according toFortune. In the spring, Andreessen Horowitz, Sequoia Capital, Union Square Ventures, Founders Fund and Bessemer Venture Partners all invested in MetaStable Hedge funds tied to cryptocurrencies exploding

Recent increases in the prices of cryptocurrencies have led to attention being focused on the hedge funds that had crypto holdings. Such funds were relative outliers until the market for Bitcoin and others began booming earlier this year, reports CoinTelegraph.

According to hedge fund analysis firm Eurekahedge in June, over the 46-month period from end-June 2013, the Eurekahedge Crypto-Currency Fund Index returned a cumulative of 2152.32%. On an annualized basis, this came to 125.35% for actively managed cryptocurrency strategies, outperforming the Bitcoin Price Index by 103%.

There are now an estimated 70 such funds in the pipeline according to information from various accounting and law firms, says ValueWalk. For example, accounting firm Arthur Bell is reportedly working with about 15 fund managers in the field and expects to take on 20 more. Meanwhile, law firm Cole-Frieman& ......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. Hedge fund Moore Capital to return money to external investors[more]

    B. G., Opalesque Geneva: Louis Bacon's Moore Capital Management is to return capital from its three macro hedge funds to investors. The funds will continue running partners' money and Bacon, 63, will reduce his involvement in trading, according to a letter to investors seen by

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund