Hong Kong-based crypto asset manager MaiCapital has launched a new actively managed bitcoin hedge fund for professional investors.
The “Bitcoin+ Investment Fund” is a quant fund, and aims to track and potentially outperform bitcoin’s performance in various market conditions by applying quantitative algorithms.
The fund would invest in a range of bitcoin-related avenues, including bitcoin, bitcoin derivatives, and other structured products. Its custody partner is the Asian digital asset platform OSL.
This is MaiCapital’s second quant-based crypto hedge fund. The firm, regulated by Hong Kong’s Securities and Futures Commission, already offers the “Blockchain Opportunity Fund” since March 2019.
Hong Kong is seeing an increasing number of bitcoin funds. Last month, Arrano Capital launched a bitcoin fund with BitGo as the custody partner.
Notably, PwC’s global crypto leader Henri Arslanian said earlier this month that he expects the crypto hedge fund industry to grow “significantly” over the coming years as investing in a crypto fund may be the easiest way for institutional investors to get in the space.
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