Crypto hedge fund Argentium names new CIO

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London-based crypto hedge fund Argentium Digital Asset Management has named Jerome Dupuy as its new chief investment officer.

Dupuy, an industry veteran with more than 30 years’ expertise, specialising in relative value trading, was already a senior adviser at Argentium with a focus on volatility.  

He began his career at Société Générale before moving to JPMorgan to run equity derivatives for the Asia-Pacific region. He then joined Lehman Brothers, running volatility trading across Asia Pacific for the firm in Tokyo. Later, he developed the global relative value business at BIP in Paris, an in-house hedge fund later taken over by Dresdner Bank.

Argentium – which was established by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, alongside co-founders Larry Grant, COO, and Marc Deveaux – is a systematic, high frequency multi-strategy crypto hedge fund. It targets arbitrage opportunities using a combination of market neutral, long/short and market-making approaches.

Speaking at Hedgeweek’s recent DigitalAssetsLIVE summit earlier this month, Frost-Smith explained how Argentium has attracted investor interest by exploiting crypto volatility through arbitrage and market neutral trading, rather than simply “beta-chasing” approaches.

Commenting on the new appointment, Frost-Smith said: “To have one of the inventors of options and skew trading running our books is a huge endorsement of the opportunities that the crypto markets currently present.”

As digital assets’ energy consumption comes under ever-closer scrutiny, the firm also recently announced it had committed to a carbon-neutral investment approach, with its blockchain activity independently assessed annually for carbon impact.

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Hugh Leask
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