Joining a crypto hedge fund ?

Has anybody thought about taking the high road and joining a crypto hedge fund instead of a traditional long/short equities hedge fund ? There seems to be a lot of top investors/traders from traditional HF/AMs going into the crypto space right now. Plus firms like Pantera capital, polychain capital,ikigai asset management lack talent right now and there seems to be a lot of job opportunities in this space. I guess one concern is that there's no clear exit opps and noone really knows what the future of blockchain/crypto will be like. Please share your thoughts ! Thanks!

Comments (9)

Sep 18, 2018

career suicide for someone without a lot of work experience imo

Sep 18, 2018

why

Sep 19, 2018

I wouldn't recommend. I had a variety of friends drop their jobs at top hedge funds, prop shops, etc. to go into crypto, and it rarely works out. The field is so full at this point.

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Sep 19, 2018

but what if you're genuinely interested in this stuff ?

Sep 19, 2018

Then run with it, but you need to understand the risks associated with doing so. It is true, with more risk typically comes more reward.. However, taking into account the very small scale application crypto has at this point, that risk likely exceeds the potential reward

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Sep 19, 2018

true.

Sep 24, 2018

imho not worth considering crypto until markets are regulated, unless the goal of the fund is to manipulate crypto markets.

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Sep 24, 2018

For starters why "high road"? What is high road about joining that industry? There is quite literally nothing I can think of suggesting it is "superior" to the traditional asset management space - if I'm missing something happy to change my mind.

The reason why some users above have suggested avoiding it early in your career (which it sounds like you are, if you've even started) is that if you go in and it all never catches on and disappears, you're screwed. You'll have next to nothing that can transfer to the traditional space with the odd exception of the guys that maintained strong macro views while in crypto space.

Don't think it could disappear? I love this. There are like what? 17 million BTC out there today? I'll use BTC as an example since it's really the one worth actually talking about. Trades at like 6.5? 6.6? That's what, $110b in value globally? One hundred and ten billion man, it'd be like losing Texas Instruments or Adobe - it's absolutely peanuts, nothing. And it could happen in a blink.

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Sep 24, 2018
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