Tetras Capital Shuts Down Crypto Hedge Fund After 75% Loss
Tetras Capital, once a $33 million crypto hedge fund, is shutting down due to negative returns.
Paul Brodsky is helming a new crypto investment firm called PostModern Partners that bets on volatile digital assets, not bitcoin.
The fund has raised $307 million in its four-year history of investing in crypto and SAFTs.
It's the first time the crypto exchange has made an investment in an outside fund.
Bitcoin returns are beating crypto hedge funds, but other recent developments point to more favorable tailwinds for those funds in the long term.
Neural Capital, a hedge fund that traded cryptocurrency assets, has quietly shuttered.