A fund built on accident.
I hated Bitcoin. I hated hedge funds.
I was looking for a safe way to invest.
It started simply: I wanted a smarter way to invest my own capital. I’d been drawn to collar strategies for a while — buy the downside protection, sell the ceiling to fund it, zero net cost. The structure made sense. The question was which underlying asset had the right volatility profile to make it work.
I ran through the usual candidates. Then, almost reluctantly, I looked at Bitcoin. I’ll be honest — I didn’t like it. It felt speculative, noisy, untethered. But my gut kept pulling me back to the data. The volatility wasn’t a bug; it was exactly the fuel this vehicle needed. Bitcoin turned out to be the near-perfect underlying for a zero-cost collar.
Once I committed to the thesis, I did it right. I formed the entity I needed to trade the structures I wanted. Early on, a few friends saw what I was building and wanted in — and that changed everything. I wasn’t going to cut corners just because the fund was small.
Finding a law firm equipped to write proper offering documents for a crypto fund was harder than I expected. When I found the right counsel, I paired them with a top-tier fund administrator: independent NAV calculations, verified returns, and a personal monthly statement for every LP. No black box. Full transparency from day one.
The counterparty side matured alongside the asset. As Bitcoin gained institutional acceptance, the regulated broker and custodian ecosystem grew with it — and today regulated, institutional-grade counterparties form the backbone of everything we execute.
The strategy is now battle-tested across full market cycles, with safety as the number-one priority. And I keep building — adding layers to make it safer and to enhance yield in any environment. The goal has never changed: protect capital first, and let the compounding do the rest.