Crypto Hedge Fund Gaint Pantera’s Fund Made a 73% Loss This Year

浪花财经新闻 2018年10月8日

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8th October, 2018 (ChainDD)The U.S. digital assets-focused hedge fund giant Pantera Capital released its Digital Asset Fund returned -72.7% this year to date (YTD), only in August alone down 22.3%, and declined 40.8% since last December’s inception, which made the fund’s compound annual growth rate (CAGR) is -50.3%.

8th October, 2018 (ChainDD)

The U.S. digital assets-focused hedge fund giant Pantera Capital released its Digital Asset Fund returned -72.7% this year to date (YTD), only in August alone down 22.3%, and declined 40.8% since last December’s inception, which made the fund’s compound annual growth rate (CAGR) is -50.3%.

Crypto Hedge Fund Gaint Pantera’s Fund Made a 73% Loss This Year

ChainDD noted the Pantera’s fund also underperforms the Bitcoin spot price YTD. Binance’s Bitcoin to USDT dropped about 56% YTD, according to ChainDD’s market tracking.

ChainDD’s brief news once mentioned, till the end of 2017, Pantera Capital made a cumulative four-year return about 25000% since its inception, but only in the last March, its Digital Asset Fund lost 45.7% of its value. In April, CEO of Pantera Capital said Bitcoin was a “screaming buy”. At that time, Bitcoin was trading about 9000 USD, more than 25% higher than the current price.

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