According to ChainCatcher, Bloomberg reported that the Alpha Long Biased Strategy Fund under the investment management company Pythagoras has performed well since its launch, with a year-to-date increase of 230% (206% after deducting fees), and has continued to outperform Bitcoin except for two months. The fund was launched a few weeks before the spot Bitcoin ETF was approved in January 2024.
The fund's investment portfolio adopts a three-part allocation method: one-third is allocated to Bitcoin core holdings, one-third uses a trend tracking strategy (which can be flexibly adjusted to 2x leverage according to market conditions), and the remaining one-third is deployed in market neutral, beta neutral and dollar neutral long and short strategies. Fund founder Mitchell Dong said that the product is designed to provide investors with investment options that are superior to spot Bitcoin ETFs.
