Tetras Capital Shuts Down Crypto Hedge Fund Following 75% Loss

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]

bitcoin
Bitcoin (BTC) $ 21,395.00 0.19%
ethereum
Ethereum (ETH) $ 1,229.75 1.35%
tether
Tether (USDT) $ 1.00 0.00%
usd-coin
USD Coin (USDC) $ 0.999237 0.11%
bnb
BNB (BNB) $ 239.42 0.12%
xrp
XRP (XRP) $ 0.363930 0.83%
binance-usd
Binance USD (BUSD) $ 0.998426 0.23%
cardano
Cardano (ADA) $ 0.504524 2.35%
solana
Solana (SOL) $ 40.53 1.08%
dogecoin
Dogecoin (DOGE) $ 0.077081 6.12%
S&P 500  ^GSPC 
$3,911.74  $116.01  (3.06%)
Dow Jones Industrial Average  ^DJI 
$31,500.68  $823.28  (2.68%)
NASDAQ Composite  ^IXIC 
$11,607.62  $375.42  (3.34%)
Russell 2000  ^RUT 
$1,765.74  $54.07  (3.16%)
Crude Oil Aug 22  F*CL.NYM 
$108.25  $0.6300  (0.59%)
   
$0.0000  $0.0000  (0.00%)