Long-Term Passive Investment Approach

“The big money is not in buy and selling, but in waiting.”

 Less is more when it comes to investing. Passively managed funds consistently outperform the majority of actively managed funds. We may not know which way the markets are heading today, tomorrow, in a week or even a month  from now. But we pride ourselves in our ability to spot major trends that last the course of a macro cycle.

• Digital Assets Focused: The crypto market represents generational value relative to all other asset classes. 

• Macro-Anchored: Analysis is driven by macroeconomic, cyclical and on-chain factors.

• Multi Strategy: Discretionary long/short positions in cryptocurrencies, crypto related equities and ETFs.

• Relative Return Driven: You don’t need us to buy and hold spot Bitcoin. Fees are only charged on the portion of ROI that outperforms the S&P Bitcoin Index.

Making High Conviction, Concentrated Bets

Portfolio construction is undertaken on the condition of supreme confidence in a thesis within an overall disposition of intense paranoia. We value simplicity and elegance in our investment models. Every thesis is inverted to establish where the least and most amount of pain lies. Our strict due diligence process results in a limited number of portfolio assets.

• Sectors with Structural Tailwinds

• Competitive Mote

• Thoughtful Tokenomics

• Credible Team & Entrenched Community

• Substantively Blockchain-Native

Solving problems  >  Novelty

Attention > Hype

Research Intensive, Data-Driven & Risk-Oriented

Our discretionary investment process is deliberately sensitive to downside risk,  while maximizing upside exposure. We continually adjust our portfolio through rebalancing & hedging for volatility, correlation, sector and macro risks. We deliberately under-trade, and make only a few big bets a year. Our targets are governed by expected value probabilities derived from historical outcomes, continually contextualized in the current state of the world.