London-based digital assets hedge fund manager Nickel Digital Asset Management has reported record H1 performance for its systematic Diversified Alpha Fund of 18.6% net, according to data from BarclayHedge.
The gain is the best by the non-directional multi-strategy fund, which wraps a portfolio of attractive but hard-to-access and capacity-constrained strategies into a single, investible fund, since its inception in February 2021.
Over the period, Nickel Digital says the fund has also demonstrated resilience and generated returns across both flat and falling market regimes, including April and June this year when the underlying crypto market fell by double digits and in January when the market was flat.
The fund was up 34.1% for the 12 months to 30 June with an industry-leading 12-month rolling Sharpe of approx 3.2 and Sortino of 4.3.
The year-to-date net return on Diversified Alpha significantly outstrips the returns of 5.3% and 2.9% for the HFRX Equity Market Neutral Index and the HFRX Global Hedge Fund Index respectively. It is also leading the performance league table for H1 2024 for the global hedge funds in multi-manager category.
