Key Takeaways
- • Pantera Capital's liquid-token fund was up nearly 80% in 2023 as of mid-December, according to a person familiar with the performance, after falling 80% in 2022.
- • Chainview Capital, run by 31-year-old Dan Slavin, has roughly doubled in 2023 after an 18% decline in 2022, according to Slavin.
- • Crypto hedge funds that survived the 2022 downturn are recovering, and some expect a strong 2024 driven by a Bitcoin rally and anticipated token activity.
Summary
Crypto hedge funds that endured a difficult 2022 are recovering in 2023, and several managers are positioning for a strong 2024, according to Bloomberg. The rebound reflects a broader Bitcoin rally and renewed interest in tokens, which the article refers to as "token mania."
Pantera Capital, one of the crypto industry's oldest and largest hedge funds run by Dan Morehead, saw its liquid-token fund rise nearly 80% this year as of mid-December, according to a person familiar with the performance. The fund had fallen 80% in 2022.
Chainview Capital, a crypto hedge fund run by 31-year-old Dan Slavin, has doubled in 2023 following an 18% decline last year, Slavin said. Together, the examples point to a sharp recovery for managers that navigated the 2022 market downturn.
The source article frames these gains as the basis for expectations of a banner 2024 for crypto hedge funds, though it does not provide detailed fund-level AUM figures or further forward-looking estimates.
Pantera Capital, one of the crypto industry's oldest and largest hedge funds run by Dan Morehead, saw its liquid-token fund rise nearly 80% this year as of mid-December, according to a person familiar with the performance. The fund had fallen 80% in 2022.
Chainview Capital, a crypto hedge fund run by 31-year-old Dan Slavin, has doubled in 2023 following an 18% decline last year, Slavin said. Together, the examples point to a sharp recovery for managers that navigated the 2022 market downturn.
The source article frames these gains as the basis for expectations of a banner 2024 for crypto hedge funds, though it does not provide detailed fund-level AUM figures or further forward-looking estimates.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.