Parataxis Hedge Fund's Bet on Crypto Revival Leads to 341% Return – Bloomberg

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.