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Crypto Hedge Fund Says No to More Money (For Now) After Banner 2021
Market-neutral crypto hedge fund firm Dunamis Trading Group has taken a time out from accepting new capital as the Brazilian asset manager retools its approach to trading after a banner year. Dunamis now oversees $210 million of assets under management — dwarfing the $20 to $30 million the operation had on hand to start 2021. Managing Partner Delfos Machado Neto told Blockworks the team decided to temporarily close to new money in the fourth quarter in order to put the finishing touches on a yearlong overhaul of the firm’s infrastructure and trading systems. It’s an effort to keep up with a trading industry ... (full story)