The cryptocurrency hedge fund industry is witnessing a robust recovery from a challenging 2022.
Here are the industry leaders reporting significant gains this year:
- Pantera Capital's liquid-token fund, managed by Dan Morehead, saw an 80% increase as of mid-December, following an 80% drop in 2022, Bloomberg reported.
- Chainview Capital, managed by 31-year-old Dan Slavin, has seen its fortunes double following an 18% decline last year.
- Stoka Global LP, primarily investing in alternative coins, reported a 268% gain as of Nov. 30, according to founder and former Goldman Sachs banker Naveen Choudary.
The turnaround is a positive sign for an industry still reeling from the collapse of FTX (CRYPTO: FTT).
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