Our consortium of 159+ of the world’s leading Digital Assets Funds, Market Makers and Traders.
Across our USD, BTC & ETH funds as of 10/1/24
Estimated YTD Returns for our USD Alpha Fund as of 9/27/24
Across our various funds
Combined we have managed this amount across multiple asset classes
*Our net performance estimate is derived from performance estimates from each underlying fund in our portfolio. As we do not have final official statements from all underlying funds, our estimated performance will be adjusted as we receive more official statements, but is our best estimate as of the time of this email. Note: this is based on an investor who invested since inception in our onshore feeder with a 2/20 fee structure and high water mark. Depending on your fee structure, feeder structure and timing of investment, it would differ your actual net performance.
*Pro forma performance, representing the average annualized performance from January 2019 through July 2023, net of all fees, for the portfolio of underlying funds that Amphibian Fund invested in beginning on August 1 2023, if the same portfolio had been fully invested as of January 2019 with no rebalancing. Please note each fund was added to the portfolio at a different time, and beginning on August 1, 2023 actual net fund performance is included. All underlying fund performance has been included from the date each fund was added to the portfolio. Note each underlying fund is the best estimate we have for the BTC share class. Not all were live as long as USD funds (so subtracted off funding costs etc for those time periods). This fund selection mirrors our latest ETH portfolio and a number of lessons from 13+ months of live data with that portfolio. In years prior to 2023, we’ve done our best to keep allocations to the max limits and adjust accordingly. Also know weightings over time would be slightly inaccurate as month on month weightings shift, depending on terms.
*Pro forma performance, representing the average annualized performance from January 2019 through July 2023, net of all fees, for the portfolio of underlying funds that Amphibian Fund invested in beginning on August 1 2023, if the same portfolio had been fully invested as of January 2019 with no rebalancing. Please note each fund was added to the portfolio at a different time, and beginning on August 1, 2023 actual net fund performance is included. All underlying fund performance has been included from the date each fund was added to the portfolio. Note each underlying fund is the best estimate we have for the BTC share class. Not all were live as long as USD funds (so subtracted off funding costs etc for those time periods). This fund selection mirrors our latest ETH portfolio and a number of lessons from 13+ months of live data with that portfolio ** Not a promise or guarantee the crypto 4 year cycle will continue *** Only one major counterparty ‘exchange’ event impacted our underlying funds by more than 3% total AUM in the last 5 years. Avoided all others. That was with FTX and approx 4.5%-6% impact on our USD & ETH fund. This breaks down to 8.5% exposure on USD, current bids on secondary markets and potential forecasts indicate a likelihood to recover 30c-50c on the dollar. This translates to 4.5%-6% potential impact). Outside of this, we had one other event from an underlying fund with 2.7% portfolio drawdown. This translates to approximately 1.54% average counterparty risk across the last 5 years. Our max portfolio strategy drawdown monthly target is < 1.5%, our max counterparty drawdown target is less than one year of yield target with -9.9%.
MANAGING PARTNER &
CO-FOUNDER
Multiple Founder & Crypto Influencer. Finance @ UC Berkeley, in Crypto since ‘13. Helped Scale Fintech start-up MX.com from 2-28M users.
COO, Former COO Global
Equites, HSBC
20+ years in global investment banking and crypto hedge funds, specializing in equities, crypto execution technology, operations, risk, and compliance
CFP(R) GENERAL PARTNER
& CO-FOUNDER
6+ years at Merrill Lynch, Runs $100M+ AUM Private Weath Management Practice, Crypto Investor since ‘14.
When most people hear ‘consistency’ in Digital Assets, they often take a second look. Therefore we get to approach things DIFFERENTLY. With 30+ GPs and team members including former CIO fixed income at Blackrock, Co-CIO at Panterra/current crypto partner at Founders Fund, ex Partner at PIMCO, Former COO Global Equities at HSBC etc, we bring a wealth of knowledge and expertise to the space.
“I’m an investor in Amphibian because I believe they’re the best crypto quant fund of funds. The return on my ETH has far exceeded my expectations, and there’s a level of consistency and repeatability that shows they have strong manager selection skills. This is a fund that operates with discipline and the foresight needed in digital assets.”
I had moved a substantial part of my portfolio from tech stocks into the ETH fund of funds, just before the FTX chaos hit. The risk and volatility in late 2022 were beyond anything I’d faced, but Amphibian's team was ready. Todd and James calmed my nerves with clear, frequent updates and even personal conversations. Now, I feel more informed and better positioned for long-term gains, thanks to their unique strategy and seasoned leadership.
"I’ve had the pleasure of working with Amphibian Capital for nearly three years. Their diligence in analyzing our trades and strategy is both thorough and highly specific. They possess a deep understanding of various risk types and the corresponding expected returns. Amphibian Capital stands out as the most sophisticated and knowledgeable fund of funds I’ve encountered in this industry.""
“We’ve seen James and his team at Amphibian consistently deliver results with a disciplined approach. Our confidence as experienced allocators is unwavering.”
"I have a lot of confidence in Amphibian Capital's team and their thoughtful, steady approach to navigating the volatile world we live in. Their performance has been stellar since I invested. What I value the most is the trust I’ve built with their leadership. The team is highly skilled and genuinely focused on aligning with their investors’ goals. I feel like a true partner in their journey, which has been a meaningful experience and most importantly we are all aligned in having pure intention of giving back via donating a large proportion of profits to worthwhile causes."
"I have been very pleased with the consistent performance of the funds I am invested in and the professionalism of team at Amphibian Capital. The balance between risk and performance is well articulated and transparent and the founders have always been generous with their time to provide market insight and answer questions. Whilst the BTC and ETC funds don’t have a long track record, I wouldn’t hesitate to recommend Amphibian Capital to friends and colleagues due to reasons aforementioned, including reliability."
“I’m an investor in Amphibian because I believe they’re the best crypto quant fund of funds. The return on my ETH has far exceeded my expectations, and there’s a level of consistency and repeatability that shows they have strong manager selection skills. This is a fund that operates with discipline and the foresight needed in digital assets.”
I had moved a substantial part of my portfolio from tech stocks into the ETH fund of funds, just before the FTX chaos hit. The risk and volatility in late 2022 were beyond anything I’d faced, but Amphibian's team was ready. Todd and James calmed my nerves with clear, frequent updates and even personal conversations. Now, I feel more informed and better positioned for long-term gains, thanks to their unique strategy and seasoned leadership.
"I’ve had the pleasure of working with Amphibian Capital for nearly three years. Their diligence in analyzing our trades and strategy is both thorough and highly specific. They possess a deep understanding of various risk types and the corresponding expected returns. Amphibian Capital stands out as the most sophisticated and knowledgeable fund of funds I’ve encountered in this industry.""
“We’ve seen James and his team at Amphibian consistently deliver results with a disciplined approach. Our confidence as experienced allocators is unwavering.”
"I have a lot of confidence in Amphibian Capital's team and their thoughtful, steady approach to navigating the volatile world we live in. Their performance has been stellar since I invested. What I value the most is the trust I’ve built with their leadership. The team is highly skilled and genuinely focused on aligning with their investors’ goals. I feel like a true partner in their journey, which has been a meaningful experience and most importantly we are all aligned in having pure intention of giving back via donating a large proportion of profits to worthwhile causes."
"I have been very pleased with the consistent performance of the funds I am invested in and the professionalism of team at Amphibian Capital. The balance between risk and performance is well articulated and transparent and the founders have always been generous with their time to provide market insight and answer questions. Whilst the BTC and ETC funds don’t have a long track record, I wouldn’t hesitate to recommend Amphibian Capital to friends and colleagues due to reasons aforementioned, including reliability."
The testimonials provided are from Current Clients, Limited & General Partners of Amphibian Capital.
No compensation was provided for the statements, and the statements do not present any material conflicts of interests.
At the core of our vision and values is impact. This begins in the wider Digital Assets ecosystem and supporting risk management/ reducing counterparty Risk with our consortium of 159 of the world’s leading traders and funds. See the FT article here with the first tri-party agreement in Digital Assets, we helped launch with our Consortium, Sygnum Bank and Binance.
Expanding on that, we desire Amphibian Capital to be a regenerative financial machine that we can repurpose potential profits into supporting the future we desire to leave to our children. We have made a pledge that up to 50% of GP profits as we scale will be repurposed into impact-driven companies, organizations and non-profits.