Moon Pursuit Capital, a crypto-focused investment firm, has announced the launch of a $100 million market-neutral fund designed to generate consistent, risk-adjusted returns across different digital-asset market cycles. This marks the firm’s second fund and reflects growing institutional demand for systematic crypto strategies that aim to reduce volatility while still producing alpha.
The new vehicle is built around an algorithmic trading engine that seeks to remain largely insulated from broad crypto market movements. Instead of relying on bullish or bearish price trends, the strategy focuses on relative value opportunities, structural inefficiencies, and quantitative signals to drive performance.
What Market-Neutral Means and How the Strategy Works
In this context, “market-neutral” refers to an investment approach that minimizes exposure to overall market direction, also known as beta. The goal is to ensure returns are generated regardless of whether crypto prices are rising or falling. Performance is instead driven by trading skill, model selection, and arbitrage opportunities.
Moon Pursuit’s core engine is complemented by two tactical overlays. The first involves disciplined Bitcoin accumulation during what the firm identifies as cycle lows. The second focuses on short-term altcoin trades during periods of strong momentum. Together, these overlays are designed to enhance returns while maintaining a high Sharpe ratio, a widely used measure of risk-adjusted performance.
According to Utkarsh Ahuja, founder and managing partner of Moon Pursuit Capital, the fund is being structured across multiple jurisdictions to better serve a global investor base. This approach is intended to improve accessibility and enhance tax efficiency for cross-border investors.
Track Record, Expansion Plans, and Investor Appeal
The new fund builds on the performance of Moon Pursuit’s first vehicle, which the firm reports is up more than 52% year-to-date and nearly 170% since launching in April 2024. That inaugural fund currently manages around $30 million and continues to attract new capital, reinforcing the firm’s view that disciplined macro and quantitative strategies can still perform well in volatile crypto markets.
The launch also aligns with Moon Pursuit’s broader expansion strategy. The firm plans to open new offices in the United States, Dubai, and Singapore, and has recently added senior hires across portfolio management, trading, and fund administration. These moves are aimed at supporting growth and strengthening operational infrastructure.
Moon Pursuit is positioning the new fund for institutional investors seeking rules-based digital asset exposure with tighter volatility controls. This pitch comes at a time when risk-managed strategies are gaining traction, especially after recent market turbulence. Following a period in which crypto markets shed more than $40 billion and many funds posted double-digit losses, Moon Pursuit says its strategy declined by only about 3%, highlighting its focus on downside protection in challenging market condition.
