Investment Overview
Strategy Description
The Leonidas Cryptocurrency Fund is managed by George Michalopoulos and trades a basket of cryptocurrencies such as Bitcoin and Ether, as well as exchange traded derivatives on cryptocurrencies, and take interests in cryptocurrency related litigation. Leonidas uses a blend of discretionary strategies, many of which have been battled tested in extremely volatile and competitive commodity markets by Mr. Michalopoulos, who was formerly a senior energy derivatives portfolio manager for Citadel.
The strategies employed by the Fund are designed to capitalize on the volatility inherent in cryptocurrency markets, rather than making a binary bet on the asset class. The Fund currently uses Bittrex, Gemini, and Phillip Securities as its custodians.