Parataxis Hedge Fund Gains 341% With Bets on Revival in Crypto
- Parataxis Absolute Return Fund scores with Solana, Bitcoin
- The fund focused on coins that were oversold, CEO says
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While most crypto funds trailed the rebound in bellwether Bitcoin last year, the Parataxis Absolute Return Fund beat it handily — one of only a few to do so.
The hedge fund, one of four run by Parataxis Capital Management, clocked a 341% return last year net of fees, said Edward Chin, chief executive officer of the company. That more than doubled the rebound in Bitcoin in 2023.