Parataxis was able to avoid exposure to FTX’s collapse due to its policy of not trading on offshore exchanges, said Chin, and didn’t face a rush of redemptions from investors. Though crypto is obviously in a bear market, the atmosphere is different from the previous one, Chin said, when the talk had turned to whether crypto would continue to exist as an asset class. Source
Parataxis, which currently has about $116 million in assets under management, primarily focuses on institutional investors such as banks, family offices and pension endowments. The market-neutral Parataxis Digital Yield Fund made headlines in August when Fairfax County, Va.’s $6.8 billion pension fund, the Fairfax County Retirement Systems, said it would invest $35 million in the yield farming fund. Fairfax, one of the first U.S. pensions to invest in crypto, made a two-part bet on yield farming, a term that refers to any effort to generate the most returns possible on…
Parataxis, which currently has about $116 million in assets under management, primarily focuses on institutional investors such as banks, family offices and pension endowments. The market-neutral Parataxis Digital Yield Fund made headlines in August when Fairfax County, Virginia’s, $6.8 billion pension fund, the Fairfax County Retirement Systems, said it would invest $35 million in the yield farming fund. Fairfax, one of the first U.S. pensions to invest in crypto, made a two-part bet on yield farming, a term that refers to any effort to generate the most returns possible on…