Moon Pursuit Capital Launches $100 Million Market-Neutral Crypto Fund
Moon Pursuit Capital has launched its second fund, a $100 million market-neutral quantitative crypto fund. The fund aims to deliver lower-volatility, risk-adjusted returns across digital asset cycles by staying market-neutral rather than taking strong directional bets.
The core of the fund's strategy is an always-on algorithm, supplemented by overlays such as bitcoin accumulation at cycle lows and short-term altcoin trades designed to boost returns and improve the Sharpe ratio. The company's first fund has performed notably, rising more than 52% year-to-date and about 170% since its April 2024 launch, with current assets under management around $30 million and growing.
To better serve a global investor base, the fund has a multi-jurisdictional structure aimed at improving accessibility and tax efficiency, according to Moon Pursuit's Utkarsh Ahuja. The firm also plans expansion with new offices in the U.S., Dubai, and Singapore, alongside new leadership roles in portfolio management, trading, and fund administration.
This launch comes amid a volatile crypto market environment; in October alone, losses exceeded $40 billion with several funds posting double-digit declines. During this period, Moon Pursuit's strategy reportedly declined about 3%. The fund targets institutional allocators seeking systematic, rules-based exposure with tighter volatility controls.
