Crypto hedge fund BKCoin Capital strengthens team with new quantitative trading head

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Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading.

Treinkman was most recently at Pattern Capital Management, where he had been a software developer, portfolio manager, quantitative trader, and financial advisor focusing on small businesses, high net-worth individuals and independent RIAs.

He began his career in equities at Madison Proprietary Trading Group, before joining Chimera Securities as an equity trader, where he later shifted focus to quantitative approaches to trading capital markets.

New York-based BKCoin Capital, which manages around USD50 million, was co-founded in 2018 by ex-commodities and equities manager Carlos Betancourt and Kevin Kang, a former equities and fixed income hedge fund PM.

The firm’s market neutral Digital Asset Fund looks to generate gains from price inefficiency and volatility within cryptocurrencies using a proprietary algorithm-based trading model that combines statistical arbitrage and multi-strategy long/short investing. Last year, it generated a 71.5 per cent annual return as crypto assets surged.

Betancourt described Treinkman’s hire as “another important step” in BKCoin’s growth, while Kang said the appointment would further strengthen the firm’s capabilities amid the “growing appetite” for digital assets among institutional investors. 

“Mark’s experience and knowledge will be central to identifying the best trading opportunities and developing the optimal investment strategies for our clients,” Kang added.