Crypto Hedge Funds Rise From The Ashes: 3 Industry Leaders Touting Significant Gains
Portfolio Pulse from Murtuza Merchant
Cryptocurrency hedge funds are experiencing a resurgence after a difficult 2022, with leaders like Pantera Capital, Chainview Capital, and Stoka Global LP reporting significant gains. The industry's recovery is notable despite the FTX collapse and the closure of numerous crypto hedge funds. The anticipation of U.S. approval for spot Bitcoin ETFs and macroeconomic factors contribute to the optimism for further growth. Pantera Capital is focusing on altcoins, while funds like Alt Tab Capital are gearing up for a potential bull run.
December 28, 2023 | 3:00 pm
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Stoka Global LP, founded by ex-Goldman Sachs banker Naveen Choudary, reported a 268% gain, indicating a strong performance that could reflect positively on the reputation of former Goldman Sachs employees in the crypto space.
While Goldman Sachs is not directly involved in Stoka Global LP, the success of a fund led by its former banker could have a positive indirect impact on Goldman Sachs' reputation in the financial industry. However, the relevance and importance are moderate as the connection is indirect and the news is more focused on the crypto hedge fund industry rather than Goldman Sachs itself.
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