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Laxman Pai, Opalesque Asia: Presidio Trading, a quantitative hedge fund focused on trading digital assets, announced its plan to spin out its cryptocurrency markets tail risk strategy as a standalone fund.
The decision to launch this fund comes as a result of the strategy's strong performance through 2022, so far, said a media note from Presidio Trading. The decision follows the strategy's strong performance this year, the firm said. In June, the strategy returned about 560% while the overall fund added 4%.
"Many current and prospective investors in our multi-strategy fund were interested in learning about our tail risk strategy and if we could provide them with access to the strategy through a standalone vehicle", said Christopher Kvamme, Founder, and CEO of Presidio Trading.
"But it's not just other funds and investors who can benefit from protection against nonlinear drops in cryptocurrency markets. I think this new fund will be valuable to the entire crypto-ecosystem and anyone with significant exposure to crypto," Christopher added.
Presidio Trading's new fund will utilize its existing tail risk strategy with some slight changes. Christopher elaborated: "Our tail risk strategy works by creating a portfolio that attempts to maximize the geometric mean return when combined with how we anticipate our other strategies to perform, given various market conditions. Take June of this year, for example, a month where ETH fell 44% and BTC fell 37...................... To view our full article Click here
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