Moon Pursuit Capital Announces $100 Million Crypto Fund Using Algorithmic Market-Neutral Strategies
According to Moon Pursuit Capital, its new $100M market-neutral crypto fund blends algorithmic trading with targeted Bitcoin and altcoin trades, aiming for consistent returns and high Sharpe ratios across volatile digital asset cycles.
Moon Pursuit Capital announced the launch of its second cryptocurrency-focused fund, a $100 million market-neutral quantitative vehicle intended to deliver stable, risk-adjusted returns irrespective of market movements. The strategy employs an always-on algorithmic engine supplemented by Bitcoin accumulation at perceived cycle lows and short-term altcoin momentum trades to sustain high Sharpe ratios during drawdowns. The first fund, launched in April 2024, has achieved over 52% returns year-to-date and nearly 170% since inception, outperforming during periods of steep market losses. The firm is expanding globally, with new offices planned in the U.S., Dubai, and Singapore.
- Algorithmic trading: A rules-based, automated approach to executing trades using predefined strategies and computer programs.
- Market-neutral strategy: An investment approach designed to minimize exposure to overall market moves, aiming to profit from relative price differences.
- Sharpe ratio: A metric that measures the excess return of an investment per unit of risk taken.