Hong Kong-headquartered Bitfinex has just listed a $280 million crypto hedge fund.
According to an announcement, Fulgur Alpha, a $280 million Bahamas-based absolute returns crypto hedge fund, has just onboarded the exchange.
The fund is reportedly available only to institutional investors and its assets are held at Delchain Limited. Compliance meanwhile is handled by Deltec Fund Services, a Bahamas-based fund administrator and division of Deltec International Group.
Fulgur Alpha purportedly plans to raise its assets under management this year.
“It is really rare that a fund of this size chooses to trade almost exclusively in a single location,” said Paolo Ardoino, Chief Technology Officer at Bitfinex. “The onboarding of Fulgur Alpha cements Bitfinex’s position as the go-to venue for major crypto funds, market makers and arbitrageurs.”
Bitfinex’s infrastructure and connectivity allows the exchange to support fund management strategies such as high-frequency trading (HFT). It also offers margin trading up to 5x leverage, as well as access to 100x leverage swaps through its affiliate, iFinex.
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