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Global macro hedge fund firm Graticule Asset Management Asia is taking a big step in crypto with the launch of its first hedge fund dedicated to trading digital-only assets.
Sources said the company has marketed the vehicle, Graticule Digital Asset Fund, to potential limited partners in recent weeks. His fundraising aspirations are unclear.
Indications are that Graticule, led by founder Adam Levinson, may have explored crypto strategies through his other hedge funds earlier. Indeed, the company updated its annual SEC registration in March 2021, giving traders the ability to invest in “cryptocurrencies and related derivatives.”
A company spokesperson did not immediately return a request for comment.
Based in Singapore, Graticule focuses on global macro strategies that take place primarily across Asia, trading a mix of asset classes. Singapore’s growing cryptocurrency community could have played a role in the company’s entry into the space, one of the sources said. The sources were granted anonymity to discuss confidential business relationships.
Graticule has also infiltrated the crypto venture capital space. The company has invested in a recent $ 93 million funding round raised by The Sandbox, a world of online games based on non-fungible tokens.
Graticule had about $ 2.6 billion in assets under management as of February of this year, the latest data available. This makes the company the last multi-billion hedge fund player to start trading crypto.
Other notable asset managers investing in or looking to jump into the crypto space include Bain Capital, Balyasny Asset Management, Boothbay Fund Management, Millennium Management, Point72 Asset Management, and Soros Fund Management.
Global macro hedge fund firm Graticule Asset Management Asia is taking a big step in crypto with the launch of its first hedge fund dedicated to trading digital-only assets. Subscribe for the full article
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