London-based Annamite Capital, a new multi-manager hedge fund focused on digital assets, is to launch operations on 2 January, 2025, with a multi-strategy approach aimed at delivering absolute returns in the cryptocurrency space.
Annamite has spent the past two-and-a-half years investing over $4m in proprietary technology, with early performance showing strong results. Since February, the firm has been operating with over $7m in proprietary capital allocated across external investment teams.
From March through October, its USD share class posted +27.8% net returns, while BTC and ETH share classes reported impressive +15.2% (or +66.5% in USD terms) and +18.1% (or +29.5% in USD terms) returns, respectively. These results were achieved with low average market exposure, aligning with Annamite’s focus on consistent alpha generation in volatile digital markets.
At launch, Annamite will invest in approximately 15 distinct strategies via separate accounts, managed by a team of 14 investment professionals. These teams specialise in systematic, low- to high-frequency trading, market-making, and arbitrage across centralised and decentralised exchanges. The firm’s proprietary security and execution software will allow it to operate effectively in DeFi markets, while maintaining a diversified approach.
The hedge fund is led by industry veterans Tom Geary, formerly of Citadel and UBS, and Lucas Gaylord, CEO of Eulith, bringing deep experience in both crypto and traditional finance. The firm recently added Joseph Biscomb, formerly Head of Middle Office at Brevan Howard, to lead operations, and George Rowe as Head of Business Development.
The firm is actively fundraising, targeting professional investors including family offices, ultra-high-net-worth (UHNW) and high-net-worth (HNW) individuals, and institutions worldwide.
