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Laxman Pai, Opalesque Asia: BitBull Capital, a fund management company in San Francisco, has introduced two new funds that aim to offer innovative crypto hedge fund strategies to an institutional, family office, and accredited investors.
"BitBull Capital, which has pioneered innovative crypto hedge fund strategies since 2017, offers investors direct, early-stage access to crypto projects through its new Alpha Fund, and market-neutral DeFi Yield Farming returns through its new Yield Fund," said a press release from the fund manager.
"With the pace at which crypto has evolved, accredited and institutional investors continue to seek exposure to diverse opportunities in the space, ranging from gaming/metaverse projects to yield-generating activities in the DeFi sphere," said Joe DiPasquale, CEO of BitBull Capital. "Our new funds are designed to meet these needs."
The Alpha Fund is positioning investors to enter - and exit - assets quickly while also providing direct access to early-stage opportunistic deals, said the release. Through Alpha Fund investors can gain seed-round stage investment opportunities in both Layer 1 (L1) and Layer 2 (L2) crypto solutions, for example.
Moreover, from cross-chain interoperability solutions like Cosmos to decentralized exchanges like 1inch (now the biggest dApp in decentralized finance by far, and one BitBull has been invested in since the project's earliest days), the Alpha Fund is guided by the same approach as BitBull's Fund of Funds: to identify - and invest in - unicorns in cutting-edge crypto verticals while still aiming to outperform BTC.
According to the release, for investors on the other side of the risk spectrum seeking to limit their exposure to crypto market volatility, BitBull has launched the Yield Fund, a market-neutral fund that aims to generate strong yields by investing stablecoins into innovative DeFi products, and via strategies like lending and staking.
The fund also has the latitude to pursue other market-neutral strategies such as market-making and arbitrage, it said. The fund was borne from its founders' experience holding cash at a bank account that returned 0.01% per year.
BitBull's Yield Fund aims to work with investors, including corporate treasuries, who want the steadiness of stablecoins like USDC, which is pegged to the dollar, with a yield return aimed at 15%-20% per year, which is 1500-2000x higher than that bank's interest rate, the release added.
"These two new Funds introduced by BitBull Capital continue in the way of the company's premier offering, the Fund of Funds, where an actively-managed and experienced team continue to pave the way for accredited and institutional investors to take investment positions within the crypto market significantly customized to their individual risk-tolerance," said the release.
In 2017, BitBull launched BitBull Fund, the world's first crypto hedge fund of funds, per SEC records. The strategy was a result of its founders, Joe DiPasquale and Sarah Bergstrand's belief that active management in crypto could outperform a buy-and-hold Bitcoin strategy.
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