Key Takeaways
- • Elysium Global Arbitrage Fund (Abraxas Capital Management) dominated the market neutral arbitrage category (AUM >$1bn), winning best performing fund awards for 2025 and across all trailing periods (2, 3, 5, and 7 years).
- • Fasanara Genesis Alpha (Fasanara Capital) emerged as the top performer in the CeFi and DeFi market neutral strategy category (AUM >$100m), capturing best performing fund recognition for 2025 and over 2, 3, and 5-year periods.
- • Coincident Capital secured the discretionary trend follower award with best performing fund status across 2025 and all trailing periods (2, 3, 5, and 7 years), demonstrating sustained performance consistency.
- • Digital Assets (Silver 8) achieved the longest track record of excellence in the active long-biased digital currency strategy category, winning awards over 5, 7, and 10-year periods.
- • The awards span 10 distinct digital currency and cryptocurrency strategy categories, reflecting the diversification of hedge fund approaches to digital assets including market neutral, DeFi, arbitrage, trend following, and event-driven strategies.
Summary
The Hedge Fund Journal released its 2026 Digital Currency Awards on June 17, recognizing elite hedge fund performance across cryptocurrency and digital asset strategies. The awards program evaluated funds across ten specialized categories, measuring best performing fund status for 2025 as well as trailing multi-year periods (2, 3, 5, 7, and 10 years), providing institutional investors with comprehensive performance benchmarks across diverse digital currency investment approaches.
Elysium Global Arbitrage Fund, managed by Abraxas Capital Management, demonstrated exceptional consistency by winning the market neutral arbitrage category (for funds with AUM exceeding $1 billion) across all measurement periods. Similarly, Coincident Capital International achieved broad recognition in the discretionary trend follower category, capturing best performing fund awards for both 2025 and all trailing periods extending to seven years—indicating sustained alpha generation across market cycles.
The DeFi and CeFi strategies demonstrated distinct performance leaders stratified by asset size. Fasanara Genesis Alpha (Fasanara Capital) led funds with AUM greater than $100 million in the combined CeFi and DeFi market neutral strategy category, winning awards for 2025 and over 2, 3, and 5-year intervals. Atomic Digital dominated the smaller fund segment (AUM under $100 million) in the same strategy category. In specialized DeFi discretionary strategies, RE7 (Re7 Capital) captured best performing recognition for 2025 and over 2 and 3-year periods.
Additional award winners included Lemvi Crypto AMC for cryptocurrency long/short strategies (2025 and 2-year performance), Sigma Market Neutral Fund (Melanion Digital) in arbitrage and carry hybrid strategies, Nine Blocks Master Fund (Nine Blocks Capital Management) in systematic market neutral multi-strategy approaches, and 210k Capital LP (UTXO Management) in fundamental event-driven digital asset strategies with AUM exceeding $100 million. Digital Assets (Silver 8) achieved the most extended track record of recognition, winning the active long-biased digital currency strategy category over 5, 7, and 10-year periods. Edgehill Investment Group rounded out the awards in the short-only strategy category for 2025 performance.
Elysium Global Arbitrage Fund, managed by Abraxas Capital Management, demonstrated exceptional consistency by winning the market neutral arbitrage category (for funds with AUM exceeding $1 billion) across all measurement periods. Similarly, Coincident Capital International achieved broad recognition in the discretionary trend follower category, capturing best performing fund awards for both 2025 and all trailing periods extending to seven years—indicating sustained alpha generation across market cycles.
The DeFi and CeFi strategies demonstrated distinct performance leaders stratified by asset size. Fasanara Genesis Alpha (Fasanara Capital) led funds with AUM greater than $100 million in the combined CeFi and DeFi market neutral strategy category, winning awards for 2025 and over 2, 3, and 5-year intervals. Atomic Digital dominated the smaller fund segment (AUM under $100 million) in the same strategy category. In specialized DeFi discretionary strategies, RE7 (Re7 Capital) captured best performing recognition for 2025 and over 2 and 3-year periods.
Additional award winners included Lemvi Crypto AMC for cryptocurrency long/short strategies (2025 and 2-year performance), Sigma Market Neutral Fund (Melanion Digital) in arbitrage and carry hybrid strategies, Nine Blocks Master Fund (Nine Blocks Capital Management) in systematic market neutral multi-strategy approaches, and 210k Capital LP (UTXO Management) in fundamental event-driven digital asset strategies with AUM exceeding $100 million. Digital Assets (Silver 8) achieved the most extended track record of recognition, winning the active long-biased digital currency strategy category over 5, 7, and 10-year periods. Edgehill Investment Group rounded out the awards in the short-only strategy category for 2025 performance.
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.