Moon Pursuit Capital Launches $100M Crypto Fund

BlockBeats News, December 17th, Cryptocurrency investment firm Moon Pursuit Capital announced the launch of its second fund - a $100 million market-neutral cryptocurrency fund, aiming to achieve stable, risk-adjusted returns across various crypto cycles.

The fund is built around an algorithmic trading strategy that seeks to maintain market neutrality, capturing alpha returns without betting on a single price direction. The strategy is complemented by two enhancement mechanisms: first, allocating to Bitcoin at perceived cycle bottoms, and second, engaging in short-term altcoin trading during strong momentum phases to boost returns and maintain a higher Sharpe ratio during drawdowns.

The fund is launched on the performance basis of the company's first product. The firm's first fund has delivered returns of over 52% year-to-date, nearly 170% since its inception in April 2024, with the current AUM standing at around $30 million and continuing to grow.