Billion dollar HK hedge fund seeds crypto fund
Hong Kong-based billion-dollar hedge fund firm Nine Masts Capital has seeded a new crypto hedge fund with US$75m. The new fund will be managed by Nine Blocks Capital Management, a firm with a presence in Dubai and the Cayman Islands. Henri Arslanian, PwC’s former Global Crypto Leader, is a Co-Founder and Managing Partner. Henri has left Hong Kong and relocated to Dubai for the launch. Nine Blocks is a market-neutral crypto fund focused on generating alpha from inefficiencies in the crypto markets using relative value, arbitrage and quantitative strategies. Nine Masts’ existing digital assets trading team is moving across to the new entity which initially will have around ten staff members. Andrew Goodwin in the Cayman Islands is the Co-Founder in charge of the trading team. He has previously worked at Nine Masts and Deutsche Bank. Mark Fagan (HighWater, ex-Jabre Capital Partners, RBC Dominion, Butterfield Bank, PwC) and Carlos Ferreira (ex-PAAMCO) have joined as independent fund directors.