TechFlow news, on November 22, according to Bloomberg, Pythagoras, an investment management firm, has seen strong performance from its Alpha Long Biased Strategy Fund since launch, surging 230% year-to-date (206% after fees), outperforming Bitcoin in all but two months. The fund was launched weeks before the approval of spot Bitcoin ETFs in January 2024.
The fund's portfolio follows a three-part allocation: one-third is allocated to core Bitcoin holdings, one-third employs a trend-following strategy (which can be flexibly adjusted up to 2x leverage depending on market conditions), and the remaining third is dedicated to market-neutral, beta-neutral, and dollar-neutral long/short strategies. Fund founder Mitchell Dong stated that the product aims to provide investors with a superior alternative to spot Bitcoin ETFs.
