Switzerland-based Syz Capital, the alternatives investment arm of the family-owned Syz Group, has launched a Capital Bitcoin Alpha Fund, with Coinbase as prime broker and custodian.
This fund of crypto hedge funds aims to tap into volatility, market inefficiencies and fragmented liquidity to deliver low volatility uncorrelated returns, denominated in bitcoin.
Following on from the 2023 launch of SyzCrest the new Bitcoin-denominated, market-neutral fund aims to be a leader in new innovations in the digital asset space.
The fund launches with approximately 2,000 BTC (around $180mn).
“This strategy caters to Bitcoin holders and corporates, leveraging SyzCrest’s 20-month track record of 20% annualised gross returns with just 6% volatility,” said Richard Byworth, Managing Partner at Syz Capital.
“Coinbase, the top digital asset custodian for Wall Street ETFs, impressed us with their security protocols and flexibility to create governance structures, making them the clear choice.”
