Crypto Hedge Fund?

TradFi quant here.

Have been interested in the space lately, dabbled in crypto before but crypto volatility only. 

Any recommended materials if i want to take a look at it fundamentally (e.g. how deals are structured, DAOs/governance, etc.) ? 

2 Comments
 

Based on the most helpful WSO content, here are some recommendations to get you started on understanding crypto hedge funds and the fundamentals of the space:

  1. Books and Resources:

    • The Intelligent Investor and Security Analysis are classics for understanding value investing, which can provide a foundation for analyzing crypto projects with a fundamental lens.
    • The Most Important Thing by Howard Marks is another excellent resource for understanding investment principles that can be applied to crypto.
  2. Crypto-Specific Platforms and Tools:

    • Explore platforms like BitMEX and LedgerX for understanding how crypto hedge funds take short positions on illiquid cryptocurrencies using forwards and derivatives.
    • Look into Digital Currency Group (DCG) and Galaxy Digital Assets to understand how multi-strategy investment firms operate in the crypto and blockchain space.
  3. Research and Analysis:

    • Dive into initiation notes from brokers and research reports on crypto projects to understand their fundamentals.
    • Study the governance structures of DAOs (Decentralized Autonomous Organizations) and how they influence decision-making and project development.
  4. Networking and Q&A:

    • Engage with professionals in the crypto hedge fund space through forums like WSO. For example, the Q&A sessions with crypto hedge fund traders and ex-bank traders now running crypto hedge funds provide valuable insights into the industry.
  5. Podcasts and News Portals:

    • Follow crypto-focused podcasts and news portals to stay updated on market trends, governance developments, and deal structures.

These resources should give you a solid starting point to explore the crypto hedge fund space from a fundamental perspective.

Sources: Industry Outlook: Crypto Hedge Funds, How I got my job in a Hedge Fund after graduation, Q&A: Crypto Hedge Fund Trader, Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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