Pythagoras Investment Management's Alpha Long Biased Strategy generated a 204% return in 2024, significantly outperforming Bitcoin's 121% rise. The strategy utilizes a base position in Bitcoin and two uncorrelated strategies to generate alpha.
Pythagoras Alpha Long Biased Strategy generated a 204% return in 2024, outperforming Bitcoin's 121% rise. The fund, which combines a BTC base position with two uncorrelated strategies, achieved this impressive return. The fund charges incentive fee only when it beats bitcoin's performance. The fund's base position in bitcoin provides direct exposure to long-term appreciation, and the two uncorrelated strategies generate alpha.
The momentum strategy employs machine learning and pattern recognition to adjust and optimize exposure dynamically, allowing it to capture short-term market fluctuations. Meanwhile, the long-short strategy utilizes a proprietary AI-based forecasting model to create a dollar-neutral portfolio, making long investments in tokens expected to yield superior returns while shorting those anticipated to underperform. Despite its performance, the Alpha Long Biased Strategy was Pythagoras' smallest fund, boasting assets under management (AUM) of $7 million. It suffered a 2% drawdown in December as the year-end saw BTC climb down from record highs above $108,000 to $93,000. Meanwhile, Pythagoras' Arbitrage strategy delivered a 3% return in December, ending the year with an 18% gain and $45 million in AUM
CRYPTOCURRENCY INVESTMENT STRATEGY ALPHABET BITCOIN PERFORMANCE
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