With Bitcoin up a strong 321% year to date, cryptocurrency hedge fund manager John Chalekson looks like a genius. The crypto hedge fund, whose marketing materials for limited liability partnerships are available online, delivered 2,129% returns to investors basis August without using leverage. In fact, in May, Chalekson claims to have been up 273%, primarily by investing in new currencies. The man whose Facebook profile who lists himself as a “principal investigator at Wikileaks” and claims to use “deep web information flows” to conduct cryptocurrency analysis claims to have found success by picking little-known crypto-currencies at very low levels. [dalio]…
Bitcoin Hedge Fund Up 2,129% Raises Concerns
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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