Moon Pursuit Capital launched a $100 million market-neutral crypto fund aimed at delivering lower-volatility, risk-adjusted returns across crypto cycles.
The fund’s operational engine is a quantitative algorithm designed to maintain market neutrality by systematically exploiting price discrepancies and inefficiencies. Market-neutral refers to a strategy that attempts to eliminate broad market directionality by balancing long and short exposures to reduce correlation with overall market moves.
Two overlays supplement the core: opportunistic Bitcoin accumulation at perceived cycle bottoms to capture long-term appreciation, and short-term trading in liquid altcoins during periods of strong momentum to enhance returns. The strategy targets primarily Bitcoin and selected liquid altcoins and is calibrated to preserve a high Sharpe ratio through drawdowns.
Track record, scale and operational footprint
The $100 million vehicle builds on Moon Pursuit’s first fund, which the firm reports has returned more than 52% year-to-date and nearly 170% since its April 2024 inception, with current assets under management at about $30 million. The new fund represents a deliberate scale-up and a refinement of the same disciplined macro and quantitative approach.
Moon Pursuit has expanded its global presence with offices in the U.S., Dubai and Singapore, and has added hires in portfolio management, trading and fund administration to support the larger vehicle. The firm describes the fund’s multi-jurisdictional framework as intended to improve accessibility and optimize tax efficiency for a global investor base.
The combination of a rules-based algorithmic core with tactical overlays is presented as the fund’s differentiator versus other market-neutral crypto products, which may rely on simpler hedging or be more directionally biased. The design emphasizes systematic risk controls and volatility management to appeal to institutional allocators seeking stable exposure to digital assets. While specific legal or regulatory advantages are not detailed, the fund’s cross-border structure is framed to accommodate differing regulatory environments and investor requirements.
Moon Pursuit’s $100 million market-neutral crypto fund scales a high-performing quantitative approach into a broader, globally marketed vehicle and positions the firm to attract institutional capital seeking risk-managed crypto exposure. Next verified milestone: the firm’s stated Global Fund II development and its plan to triple AUM as the new fund deploys capital and establishes investor flows.
