Coin Capital Management has launched a Bitcoin-focused hedge fund, Coin Capital Partners, which will buy and hold the virtual currency in an institutional grade environment.
“Coin Capital Partners will allow traditional hedge fund investors to take a long-term bullish stance on the value of the Bitcoin,” says Samuel Cahn, managing partner. “Our mission is to bring hedge fund industry best practices to the emerging virtual currency asset class.”
Cahn founded Coin Capital along with his partners Sigmud Sommer and Drew Sommer. Cahn is a licensed attorney who has recently worked at the White Bay Group in a dual counsel and investment management role, where he managed Combinations Capital Partners, a carve-out dedicated to arbitrage and event-driven investing.
Sigmud Sommer has experience in mining, trading and investing in Bitcoin; he has also worked at Aladdin Gaming as an assistant to the chief technology officer and at Hello Networks as a senior server engineer, before creating several entrepreneurial technology ventures.
Drew Sommer has experience as a miner, trader and investor in the Bitcoin currency.
Coin Capital has contracted with SS&C Technologies for fund administration services, and is audited by KPMG. The fund is represented by Thompson Hine.