Hedge Funds

Crypto hedge fund Pythagoras to close its largest fund to new cash

The New York-based firm’s Absolute Return fund has received fresh commitments after a 40% year-to-date gain

Crypto hedge fund Pythagoras to close its largest fund to new cash
Photo: Getty Images

Crypto hedge fund Pythagoras Investments will close its largest fund to fresh cash from early next year, after receiving an additional $30m of commitments following a performance surge this year.

New York-headquartered Pythagoras Investments, which manages $160m in assets, has received additional commitments of $30m for its Absolute Return fund, according to people familiar with the matter. The new cash will take the fund’s total assets to $120m.

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