Former Employees of LedgerPrime Launch New Hedge Fund
A new hedge fund called Split Capital has been launched by former employees of crypto trading firm LedgerPrime. The founders of Split Capital are Zaheer Ebtikar and Michael Churchouse, both alumni of LedgerPrime, along with Nai Boonkongkird. Shiliang Tang, former chief investment officer at LedgerPrime, will serve as an advisor to the fund.
Primary Backers and Fund Size
The primary backers of Split Capital include Novi Loren, UTXO Management, and Dan Matuszewski. However, the fund has not disclosed its size due to regulatory restrictions.
Taking a Long-Term View
Split Capital’s investment strategy differs from many venture capital firms in the crypto space. The fund aims to take a longer-term approach to token investments instead of divesting as soon as assets become liquid. This strategy is suitable for investors with a longer-term appetite.
Example Token Recommendations
Zaheer Ebtikar highlighted some tokens that Split Capital might focus on, including Solana, Lido, and Synapse. These were recommended by Ebtikar and his team in December 2022.
Background Information
LedgerPrime was acquired by FTX in 2021. Ebtikar worked as a portfolio manager at LedgerPrime before leaving in September 2023. Churchouse previously worked on the DeFi investment team at Nickel Digital Asset Management.
Hot Take: Split Capital Launches Liquid Tokens Hedge Fund
Former employees of LedgerPrime have launched Split Capital, a new hedge fund that focuses on liquid tokens. The fund takes a long-term investment approach and aims to attract investors with a longer-term appetite. Primary backers of the fund include Novi Loren, UTXO Management, and Dan Matuszewski. Split Capital’s founders have recommended tokens like Solana, Lido, and Synapse as potential investment targets. This launch comes after the acquisition of LedgerPrime by FTX in 2021. The launch of Split Capital marks an exciting development in the crypto trading space.
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