Liquid exposure to high-sharpe uncorrelated quant and macro strategies with no lock-ups.
Read Time: 5 Minutes
AI has been accused of going rogue more than once. Is that actually what is happening, or just what will build attention through fear?
Even if the capabilities are real, a technology thesis can be completely spot on, while a related investment thesis can be catastrophically wrong on timing or execution.
Real intelligence is more than pattern recognition. It is more than mixing and matching existing human creativity in new mechanical ways.
Read Time: 10 Minutes
Bitcoin has generally followed a 4-year price action cycle, but is that cycle becoming longer or shorter with institutional participation? If the peak was muted, will bottoms be muted or extended?
The Bitcoin Long-Term Holder Supply metric shows what smarter long-term investors are actually doing.
If Bitcoin becomes a risk-off asset like gold, it may still fail to perform well in recessions, just like gold has often failed. In actual recessions, anything that can be sold for dollars will be sold.
Read Time: 10 Minutes
Hedge fund managers are sophisticated investors and traders, and yet, when it comes to the boring parts of operating their own business, they often fall short.
Concentration and leverage usually get the big headlines. But more common causes of fund failure are generally linked to operational issues like accurate reporting, sufficient team structure, and risk controls.
Looking at failed funds is only useful if it changes what you ask before you send capital. When reviewing, ask: can we verify them, do we actually need their strategy, and do we want to work with their people?