Tetras Capital shuts down crypto hedge fund following 75% loss. The New York-based company, is shutting down and returning capital to investors after quarters of low returns. The fund has failed to succeed and reported around a life-to-date 75 per cent loss since it opened in 2017, the source said.
Tetras Capital managed upwards of $33 million at one point for more than 60 investors who pitched in at least $100,000 apiece, according to financial filings.
The fund launched in 2017 with a focus on altcoins, Tetras Capital co-founder Alex Sunnarborg said in a 2019 Forbes interview. One altcoin trade Tetras claimed to have made was a short position on the cryptocurrency ether at a price of $700 in May 2018, according to the interview and a fund investment report.
[image: David Clode]