Crypto Hedge Fund?

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