CMFDH II 1st Quarter 2024 Results Overview
We are pleased to report a return of 42.5% before fees and 33% after fees for the first quarter of 2024. A significant question we always face is whether we left considerable US Dollar profits on the table during the upturn by being overly hedged. Our quantitative analysis suggests that we might not be hedged enough. Despite this, in a bull market, even hedges can yield a 20% annual return through the contango trade, or by buying Bitcoin and simultaneously shorting it at a premium.
The crypto derivative market continues to be an extraordinarily rewarding domain compared to traditional investment vehicles like stocks and commodities.
Looking Ahead: 2nd Quarter Objectives
- Profit Sustainment and Risk Mitigation: Our goal remains to continue generating profits while significantly mitigating risks during potential downturns.
- New Coin Launch for Ex-USA Investors:
- The coin will be tradeable 24/7.
- Fund valuations will be available online at all times.
We look forward to sharing more positive results next quarter. If you are in Dubai, UAE, join us for our cocktail parties on April 15, 16, 17, and 20.
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Thank you for investing with us, or consider joining us! We look forward to seeing you at the end of the 1st quarter.
CMFDH I - Three years’ outcome
Crypto Money Fund Dollar Hedge fund operated from July, 2019 to September, 2022 returning 215% after fees to investors when it closed in the 3rd quarter of 2022.
CMFDH had only 2 down quarters, losing 4.21% in the 3rd Quarter of 2022, our second loss. Over its life CMFDH returned 384% over 13 quarters, however the value proposition of the fund decreased to the point at which we decided to close the fund and sent investors back their money. Even though the Fund was down in the 3rd quarter of 2022, not a single investor has lost money.
