RATE Group | Pantera Capital Crypto Hedge Funds Are Losing Double Digits, but Bitcoin Fund Is Up 10,000% to Date
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Pantera Capital Crypto Hedge Funds Are Losing Double Digits, but Bitcoin Fund Is Up 10,000% to Date

15 May Pantera Capital Crypto Hedge Funds Are Losing Double Digits, but Bitcoin Fund Is Up 10,000% to Date

Posted at 17:39h in Cryptocurrency News by

Heavy losses are rocking alternative crypto-asset funds at Pantera Capital, one of the oldest cryptocurrency investment managers, and providing stark contrast to its bitcoin fund’s gains.

Pantera Capital’s flagship bitcoin fund – a fund holding BTC since 2013 and bitcoin cash (BCH) since 2017 – lost 75.6% in 2018 and gained 87.7% in 2019, according to internal materials seen by CoinDesk. The last two years dragged the bitcoin fund’s all-time returns to 10,162%, down 54% from 2017’s peak of 22,321% but still exceeding all-time returns at elite funds hundreds of times over.

On the newer end, three hybrid Pantera Capital hedge funds created in 2017 were solidly negative, suggesting access to deals was not indicative of investment performance and that novel coin vehicles were highly risky or hard for the firm to actively manage. 

By the end of 2019, a Pantera Capital digital asset fund that trades a hodgepodge of free-floating virtual currencies – like ether (ETH), XRP…

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