MaiCapital Launches Bitcoin-Based Quant Fund

Hong Kong-based blockchain investment manager establishes its second crypto-themed quantative hedge fund

SFC-licensed blockchain and crypto-related asset manager, MaiCapital announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1, which aims to track and potentially outperform Bitcoin’s performance in various market conditions.

MaiCapital is an alternative investment manager in Hong Kong and a pioneer in applying institutional investment practices to the innovative cryptocurrency space.

Building on the success of its first crypto-themed hedge fund, the Blockchain Opportunity Fund, which has 14+ months of auditable track record, MaiCapital continues to employ its SFC-compliant operation and proprietary trading strategies to manage the Bitcoin+ Investment Fund, the firm said in a statement.

According to MaiCapital, the fund only accepts investment from qualified professional investors.

Joseph Jeong

MaiCapital’s portfolio manager, Joseph Jeong, who has joined the firm just recently, said that there are already quite a few passively managed ‘buy and hold’ Bitcoin funds in the market.

“Our Bitcoin+ Investment Fund not only aims to track Bitcoin performance, but it is also actively managed to potentially outperform Bitcoin in various market conditions,” he added.

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Jeong, who co-founded a hedge fund and an institutional brokerage, is an industry veteran, looking back at 25 years at UBS, Credit Suisse, and Deutsche Bank.

The new fund utilizes sophisticated quantitative algorithms to optimize investment decisions and invests in a range of Bitcoin-related vehicles, including Bitcoin, equities, derivatives, and other structured products, to synthetically create varying levels of exposure to Bitcoin price. Using a blend of technical analysis and drawdown protection mechanisms, MaiCapital targets to generate positive returns in BTC terms.

Collaborating with Sidley Austin

To bolster the management of the Fund, MaiCapital partnered with the globally renowned law firm, Sidley Austin, as the fund’s legal advisor.

“With recently renewed interest in Bitcoin, there is increasing demand in the market not only for more innovative investment products, but products that are managed by fully regulated, high calibre investment management platforms. MaiCapital and its Bitcoin+ Investment fund typify the emerging cohort of leading managers that is focused on offering such innovative products. We are proud to have worked with the MaiCapital team in developing this innovative product, the first of its kind in Asia,” said Joy Lam, Sidley Austin’s Hong Kong-based investment funds partner.

Digital asset safekeeping

OSL, a leading digital asset platform in Asia, has been appointed to provide digital asset safekeeping services to the fund.

“The funds space is incredibly important to the continued growth of the digital asset sector,” said OSL CEO Wayne Trench. “As a forward-thinking SFC-licensed entity, MaiCapital can play an important role in the development of the space in Hong Kong, and the region. We’re proud to be chosen to provide digital asset safekeeping services to MaiCapital.”

Bitcoin+ Investment Fund said that it is proud to part of an ESG initiative to donate a portion of its profits to a world-renowned 100-year-old NGO, Junior Achievement (JAWorldwide.org), which equips young minds with employment and entrepreneurship skills around the world.