Amsterdam, September 28, 2023 – Three finalists have been selected for the Bitcoin Alpha competition, a crowdfunding campaign to find the next best Bitcoin fund manager. The manager with the most promising approach to generating alpha in the Bitcoin market will be awarded $1 million in seed capital and will be announced on the main stage of the forum. Bitcoin conference Amsterdam By Friday, October 13th Samara Alpha Management.
Samara Alpha’s management Bitcoin Professional Magazine We reviewed over 150 applications from traditional fund managers and digital assets, and selected the following finalists: Andrei Aklian (Theta Digital), Jaron Abbott (Armor Strategy), and Maximilian Pace (Animus Technologies). Of these three, one winner will receive $1 million in seed funding – as well as all the operational infrastructure needed to launch and manage their fund strategy – thanks to the generous support of Samara Alpha Management and their seed funding platform.
Here’s an insight into each of the finalists’ fund strategies:
Theta Digital focuses on taking discretionary long or short positions in Bitcoin futures over various time periods to achieve additional BTC-denominated alpha maintained through systematic risk management.
Jaron Abbott – Armor strategies
The Shield strategy uses a set of indicators to describe and measure the psychological behavior of panic selling in its early stages. Signals are aggregated and translated to predict and extract alpha from impending price movements.
Animus Technologies is an artificial intelligence platform designed to develop data-driven trading strategies for cryptocurrencies. The result, developed over the past six years, is a systematic solution to reduce market volatility and enhance investor returns during market cycles.
Bitcoin Magazine spoke with Roy TseChief Risk Officer at Samara Alpha Management, for his thoughts on the competition and why Samara Alpha Management has made this crucial move into the Bitcoin ecosystem:
“We have a belief that we can find interesting managers who add accretive value to the Bitcoin space. At Samara, many of us believe in the power of Bitcoin and what it can do for the world.
Every day, we hear a lot of great investment ideas and strategies. Given the current regulatory environment, and the fragmentation of exchanges and markets, this is why many of these market opportunities have emerged., similar to the early days of other traditional finance companies we have seen such as mortgage-backed trading and collateralized loan obligations. Anytime there is a new industry, there is an opportunity for new financial strategies to succeed. But to take advantage of this, the difficulty lies in the environment needed to create the infrastructure required in such a new market, such as Bitcoin and digital assets.
We support Bitcoin maximization, and want to increase adoption. If people can’t get into the market because of things like setting up their fund, or not knowing who to contact – those are the pressure points we want to mitigate.
That’s why we created the Samara Funding Platform, which is essentially a fund in a fund. We provide the manager with the ability to come up with a great idea and sign up for a complete technology platform with all the different specializations needed to set up a Bitcoin investment management company. You have the fund administrator’s connection to data coming from exchanges, pre-existing exchange partners and accounts, risk management functions complete with analytics, calculations and allocation, liquidity management functions etc.
The $1 million prize for the Bitcoin Alpha competition is very exciting for us, but the real excitement we have is for the seeding platform — Being able to provide this functionality to fund managers with great strategies and help them realize their ideas with the push of a button.
As the winner of the Bitcoin Alpha competition approaches at Bitcoin Amsterdam, stay tuned for an announcement on Friday, October 13, as to who will receive the $1 million prize as well as full access to Samara’s money management platform.
For media inquiries and additional information about the competition, please contact: email@example.com
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