Key Takeaways
- • Jeff Sekinger, a young financier who relocated to Miami from California a little over a year ago, runs crypto hedge fund Orca Capital, which manages about $60 million for roughly 200 accredited investors, according to Refresh Miami.
- • Orca Capital invests solely in cryptocurrency, with a stated two-pronged goal of not losing money and outperforming Bitcoin.
- • The fund reports "exponential growth" since Sekinger's move, with a few dozen weekly investor conversations and a 47-person team across Orca Capital and his education and consulting firm 0 Percent.
- • Orca Capital says it focuses on smart contract platforms with live blockchain adoption and holds between 30 and 60 percent of its portfolio in Bitcoin.
Summary
Refresh Miami profiles Jeff Sekinger, a young financier who has relocated to Miami and is scaling Orca Capital, a cryptocurrency hedge fund. The article draws a comparison between Sekinger and Peter Lynch, the former Fidelity Magellan Fund manager, citing a shared emphasis on understanding the assets one owns and a shared early start in managing significant capital. Sekinger began managing major money in his mid-20s.
Sekinger's career began with 0 Percent, an education and consulting company he started while working at JP Morgan. The business focuses partly on crypto and partly on real estate and credit, and its growth allowed him to leave his day job in 2018. He launched Orca Capital in 2019 with co-founder Austin Barnard, a former Big Four CPA. Across the two companies, Sekinger leads a team of 47 employees.
According to Sekinger, Orca Capital currently has 200 accredited investors and manages around $60 million. He told Refresh Miami that the fund has experienced "exponential growth" since his move to Miami, and that the firm talks with a few dozen prospective investors each week. The investor base spans individuals with retirement accounts, businesses, trust funds and family offices, with ages ranging from 19 to 79.
The firm's stated strategy has two objectives: avoid losses and outperform Bitcoin. Sekinger said the industry contains substantial noise, noting that "anyone can create a coin in literally five minutes," and said Orca invests in smart contract platforms with established blockchain adoption. Between 30 and 60 percent of the portfolio is held in Bitcoin, which Sekinger described as one of the more stable cryptocurrencies. He cited Miami's status as a crypto hub, its weather and Florida's tax environment as reasons for the move.
Sekinger's career began with 0 Percent, an education and consulting company he started while working at JP Morgan. The business focuses partly on crypto and partly on real estate and credit, and its growth allowed him to leave his day job in 2018. He launched Orca Capital in 2019 with co-founder Austin Barnard, a former Big Four CPA. Across the two companies, Sekinger leads a team of 47 employees.
According to Sekinger, Orca Capital currently has 200 accredited investors and manages around $60 million. He told Refresh Miami that the fund has experienced "exponential growth" since his move to Miami, and that the firm talks with a few dozen prospective investors each week. The investor base spans individuals with retirement accounts, businesses, trust funds and family offices, with ages ranging from 19 to 79.
The firm's stated strategy has two objectives: avoid losses and outperform Bitcoin. Sekinger said the industry contains substantial noise, noting that "anyone can create a coin in literally five minutes," and said Orca invests in smart contract platforms with established blockchain adoption. Between 30 and 60 percent of the portfolio is held in Bitcoin, which Sekinger described as one of the more stable cryptocurrencies. He cited Miami's status as a crypto hub, its weather and Florida's tax environment as reasons for the move.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.