Edge Capital Management hedge fund raises $66.8M for DeFi bets

10/20 15:32

Crypto hedge fund Edge Capital Management has raised $66.78 million across two decentralized finance (DeFi)-focused funds, according to regulatory filings on Oct. 19 with the U.S. Securities and Exchange Commission (SEC). The U.S.-based Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on Feb. 1 of this year, according to the filing. The other Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of Oct. 2021. Edge Capital has a very small online presence through their website and lacks Twitter presence. The firm plans to seek opportunities in digital assets, blockchain and DeFi, using macro-style investing, according to its website. Macro-investing refers to strategies that aim to profit from broader market swings caused by economic or political events. The firm was founded in early 2020 by Vadim Khramov and headquartered in Boca Raton, Florida, according to LinkedIn and SEC filings. While Khramov refers to the firm as a hedge fund, the SEC filings don’t have that box checked, instead indicating “other” for the type of investment fund. Prior to Edge Capital, Khramov was active at various TradFi firms, including a macro hedge fund and Bank of America Merrill Lynch in London, according to his LinkedIn profile.
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