- A couple of veteran stock-picking portfolio managers are setting up a crypto asset fund that would tap their equity experience.
- Ryan Price and Raghav Chopra owned Tephra Digital strategize to release before 2nd quarter of this year, as per some sources.
- Notion is to line up long run limited partner exposure to some quality protocols in Web3. Lockup span imposed on investors could not be learned.
New Hedge Fund By Tephra Digital
A couple of veteran stock-picking portfolio managers are bracing for a crypto hedge fund that would tap their equity experience to investment in a fundamental fashion, as per couple of sources familiar with the issue.
Tephra Digital — titled for fertile earth excavated during sporadic volcanic eruptions — is planning to release at some point before 2nd quarter of this year, as per the sources. Ryan price and Raghav Chopra operate the organization.
Tephra strategizes to commence trading with $50 million in assets under management, involving commitments, and sign are, Price and Chopra will work towards scaling of organization in a sizeable way this year.
Startup is nearing a prominent anchor investment and also involves partner capital and family funds in this blend.
Both individuals are going to act as co-portfolio managers, keeping an eye on a directional fundamental and focused high-conviction plan which keys in on liquid assets.
Lining Prominent Web3 Protocols
Notion here is to jack up limited partner long-run exposure to high-quality Web3 protocols. Lockup period implied on investors could not be learned.
Price and Chopra are establishing both offshore and onshore vehicles domiciled in Cayman Islands and Delaware — enabling them to accept contributions from both foreign investors as well as United States.
Factor6 Capital, operated by healthcare-concentrated Ghost Tree Capital, alums Jason Zhang and Ralph Achacoso, is making a bet that institutional investors habitual to speak language of short/long equity will be known to doing due diligence on startups.
Price, involved in equity hedge funds Sigma Capital and Calypso Capital, intends to rely upon his background in choosing monetary tech stocks. Meanwhile, Chopra will look forward to contributing his knowledge about trading software and internet shares to work in Web3 Investment windows.
This startup will also bring in a number of researchers and back and middle office professionals on functional side. It will have its branches in Miami and NYC.
Chopra, additionally to holding a seat in board for cryptocurrency miner Argo blockchain, formerly also served for organizations involving Kanha Capital, Carlyle Group and Goldman Sachs.
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Source: https://www.thecoinrepublic.com/2022/03/31/stock-picking-veterans-preparing-50m-fundamental-cryptocurrency-hedge-fund/