Key Takeaways
- • Pythagoras Investments, a New York-based crypto hedge fund, will close its flagship Absolute Return Fund to new capital starting early next year, according to a Financial News report.
- • The Absolute Return Fund recently secured an additional $30m in commitments, bringing its assets under management to $120m and making it the firm's largest offering.
- • Pythagoras manages $160m in total assets across its various strategies.
- • The closure follows a surge in fund performance that attracted significant investor interest, and mirrors other hedge funds limiting inflows to protect strategy execution.
Summary
Pythagoras Investments, a New York-based cryptocurrency hedge fund, plans to close its flagship Absolute Return Fund to new capital beginning early next year, according to a report by Financial News. The decision follows a surge in performance that has drawn significant investor interest in the strategy.
The report, which cites unnamed sources familiar with the matter, states that the fund recently attracted an additional $30m in commitments, lifting its total assets under management to $120m. That inflow has established the Absolute Return Fund as the firm's largest offering.
Pythagoras manages $160m in assets across its various strategies in total, positioning it as a prominent player in the crypto-focused hedge fund segment. The firm joins a group of hedge funds that are limiting inflows to preserve strategy execution and protect returns for existing investors.
The article does not disclose specific performance figures for the Absolute Return Fund or the identities of the sources cited in the Financial News report.
The report, which cites unnamed sources familiar with the matter, states that the fund recently attracted an additional $30m in commitments, lifting its total assets under management to $120m. That inflow has established the Absolute Return Fund as the firm's largest offering.
Pythagoras manages $160m in assets across its various strategies in total, positioning it as a prominent player in the crypto-focused hedge fund segment. The firm joins a group of hedge funds that are limiting inflows to preserve strategy execution and protect returns for existing investors.
The article does not disclose specific performance figures for the Absolute Return Fund or the identities of the sources cited in the Financial News report.
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