Moon Pursuit Capital launches $100 million market-neutral crypto fund
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Moon Pursuit Capital, a crypto-focused investment firm, is launching its second fund, a $100 million market-neutral vehicle designed to deliver what it said are consistent, risk-adjusted returns across digital asset cycles. The new fund is built around an algorithmic trading strategy that aims to stay market-neutral and generate alpha without taking a strong directional view on prices, the company said in a press release Wednesday. A market-neutral strategy is an investment approach designed to generate returns that are largely independent of broad market movements. The goal is to eliminate or greatly reduce exposure to overall market direction (beta) so that performance is driven by the manager’s asset selection, relative value judgments, or structural arbitrage rather than whether markets go up or down. The fund’s core engine is supplemented by two overlays: bitcoin BTC$87,018.43 accumulation at what the firm sees as cycle lows and short-term altcoin trades during periods of strong momentum, which are intended to boost returns and maintain a high Sharpe ratio through drawdowns. The Sharpe ratio is a common finance metric that measures how much excess return an investment generates for each unit of risk taken. “We are structuring the fund across multiple jurisdictions to align with the needs of a global investor base. This multi-jurisdictional framework improves accessibility while enhancing tax efficiency — an important consideration in today’s cross-border capital environment,” said Utkarsh Ahuja, founder and managing partner at Moon Pursuit Capital, in emailed comments. The new fund builds on the first vehicle, which Moon Pursuit says is up more than 52% year-to-date and nearly 170% since its April 2024 launch. This performance shows that disciplined macro and quantitative strategies can still deliver strong returns in digital assets despite sharp volatility, the firm said. The first fund currently has $30 million in assets under management, and is…
Filed under: News - @ December 17, 2025 5:22 pm