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Eveince Funds, Top Long-Only Funds of 2022
Eveince funds, while managed to continuously outperform their objectives also beat all long-only funds in the Crypto Hedge Fund research database
This year was one of the most brutal years for the hedge fund industry, and based on a report by bfinance:
Only 56% of investors are “very” or “quite” satisfied with their overall performance so far
in 2022. (By way of comparison, 82% responded positively to a comparable question in Summer 2020)
But the rate of innovation for the demanding market situation is still ongoing. AI advances and modern infrastructure now help better to understand market microstructures and build better financial products. In 2022 two new fund strategies have been added to the yearly PWC crypto fund report: Market Neutrals and Quantitative Long-Only.
Quantitative Long Only (New*): Funds taking a quantitative approach. These funds tend to continuously trade their underlying assets, taking advantage of price volatility. This strategy comes with a trade-off that it may be costly, but can be effective in capturing arbitrage opportunities in the market. This new category was newly added as we noted a relatively high number of respondents flagging it as their strategy in last year’s survey.
Market Neutral (New*): These funds aim to profit regardless of the direction of the market, usually using derivatives to mitigate or eliminate broader market risk and get more specific exposure to the underlying. Similarly to the above, we added this category as it is a popular one among crypto hedge funds.
These are the terminology used by PwC, but put, a long-only fund is a fund that takes only long positions, seeks undervalued securities, and reduces volatility and downside risk by holding cash. The advantage of being a long-only fund is that you’re always hedged by the cash you’re holding, and some funds even hold fixed income or other basic asset classes. Also, most long-only funds are unleveraged to avoid potential risks.
Eveince has used its AI model pipeline to implement four long-only funds for different risk appetites. Each fund aims to outperform, and all funds have been continuously doing so. (I'd like you to download our fact sheet, please refer to the Eveince data room). Besides our designed objectives, we compared our performance against other Long-only funds reported by the Crypto Hedge Fund Research.
Although it is a sample of fund performance reports, it still demonstrates the hedge fund industry in the past year, where almost half of the funds stopped reporting their performances, and many have blown off or liquidated. Giant players like 3 Arrows, FTX, Alameda Research, and BlockFi filed for bankruptcy.
Eveince funds, since their inception, besides their objective, have outperformed all other Long-Only funds.
Eveince Basso was the sole positive Long-only fund in 2022.
Eveince Long-Only funds outperformed Market Neutral and Beta zero funds like Full Strategy Fund and Delta Neutral Fund from ANB Investments; Genesis from Fasanara Digital; Apia and Bohr from KPTL; and Apollo Capital Opportunities Fund from Apollo Capital Management.
Eveince has designed and developed a fully automated pipeline of AI models with a robust and frictionless trading infrastructure which we’re opening access to it for other funds too. The same pipeline is currently beating its objectives in 22 different markets and is scalable to other markets like stock. It is a proven and tested system to implement new strategies like statistical arbitrage as a market-neutral strategy.
We’re currently raising our next round to increase our AUM and expand our offerings to new markets. If you’re interested as a VC or LP to invest, please contact us at info [at] eveince.com or just fill out the form on our website: https://eveince.com.
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