Coinspeaker
$80 Million Crypto Fund Nickel Tapers Investors’ Expectations after Record Performance
The first quarter of 2024 has turned out to be very eventful for Bitcoin and the broader crypto market, as well as for several crypto funds operating in the market. Nickel Digital Asset Management registered its best-ever quarterly performance for its $80 million Diversified Alpha fund.
This fund from Nickel aims to exploit market pricing inefficiencies. As per Nickel, this fund typically provides returns in the range of 15-20% annually, said Chief Executive Officer Anatoly Crachilov. However, amid strong market undercurrent in the first quarter, the Diversified Alpha fund provided a staggering 11% return.
Amid a strong mix of trading volumes, market volatility, and “high dispersion”, Nickel’s Diversified Alpha fund returned 5% during the month of March, explained the crypto fund in a recent presentation. However, Nickel in its presentation stated that these are one-o
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