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A former LedgerPrime employee has launched Split Capital, a hedge fund focused on long-term investing in liquid digital tokens.
The venture was started by LedgerPrime alumni Zaheer Ebtikar, Michael Churchouse, and Nai Boonkonkird. Shilian Tan, former chief investment officer of Leisure Prime, will advise the fund.
First reported by Fortune, Split Capital presents a unique approach to investment strategy. Unlike many crypto-active venture capital firms that tend to sell digital assets as soon as they become liquid, Split Capital aims to take a long-term view of its token investments. This strategy is aimed at investors who are willing to commit to the cryptocurrency market for the long term.
In laying out the company’s investment focus, Ebtikar referred to the past. Recommendations Created by his team, including tokens such as Solana, Lido, and Synapse. Notably, defunct cryptocurrency exchange FTX acquired LedgerPrime in 2021.
The new fund has secured support from notable investors including Novi Loren, UTXO Management and Dan Matuszewski of CMS Holdings. However, the size of the fund has not been disclosed due to regulatory restrictions.
Mr. Ebtikar will serve as portfolio manager there until September 2023, while Mr. Churchhouse, formerly of Nickel Digital Asset Management’s defi investment team, brings industry experience to Split Capital.
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