BitBull Capital Announces Opportunistic Fund, up 29% in 2018
Feb 13, 2019, 10:07 ET
SAN FRANCISCO, Feb. 13, 2019 /PRNewswire/ -- BitBull Capital, known for its crypto hedge fund diligence and its fund of crypto funds, announced today its direct investment vehicle, the BitBull Opportunistic Fund. It has returned +29% since its inception in November, versus Bitcoin at -41%*, a 70% difference.
2018 |
|||
Nov |
Dec |
Cumulative |
|
BitBull |
13% |
14% |
29% |
Bitcoin |
-33% |
-7% |
-41% |
Difference |
46% |
21% |
70% |
*In the chart above, "BitBull" refers to BitBull Opportunistic Fund. Note that Bitcoin is a single asset, whereas BitBull spans multiple assets.
BitBull has a unique vantage point; as a pioneering crypto fund of funds, it's an investor in 10 crypto hedge funds and has done diligence on hundreds. BitBull is now leveraging its knowledge of crypto fund operational security, active management strategies, and deals.
"Our Opportunistic Deal memos--which summarize the best deals we are seeing in the blockchain space--became part of the basis for this fund," said its CEO, Joe DiPasquale.
In addition to leveraging deal flow, BitBull's Opportunistic Fund leverages its diligence of alpha-generating strategies. "In such a nascent marketplace, there are rapidly evolving opportunities for alpha. Our fund is nimble," said Mr. DiPasquale.
Strategies will include:
Market-Neutral and Relative Value:
Leveraging crypto's unique volatility and BitBull's trading strategy insights
- Volatility-weighted positions
- Arbitrage
- Market-making
- Long/Short positions
Venture:
Leveraging BitBull's wide access and extensive dealflow
- Equity (following in the footsteps of its fund of funds, which had early access to equity in Coinbase, mining companies, and blockchain technology venture capital, among others)
- STOs/ICOs
Event-driven:
Leveraging BitBull's industry connections and market intelligence
- Including catalyst-driven and special situations
"The returns you see are a direct result of leveraging our market research and knowledge of crypto investment styles to pinpoint investing opportunities," said Sarah Bergstrand, its COO.
Both BitBull Opportunistic and BitBull's Fund of Funds are only available to accredited investors, and both allow international investments. A comparison of the terms of both funds is available on BitBull Capital's website. January returns will be in the investor area of its website at the close of the month.
About BitBull
BitBull Capital manages cryptocurrency hedge funds, including BitBull Fund, a pioneering crypto fund of funds, and BitBull Opportunistic Fund, a direct investment vehicle. BitBull began in 2017 and was incubated at StartX, Stanford's incubator.
BitBull also runs BitBull Research, which regularly publishes the Crypto Investing newsletter, available for free subscription at www.bitbullcapital.com.
CONTACT: press@bitbullcapital.com
SOURCE BitBull Capital