Legion Strategies is an investment fund affiliated with SkyBridge Capital, and it operates as a multi-strategy fund. Through it, SkyBridge is investing in hedge funds, private, equity, and other alternative investments.
Like all SkyBridge funds, Legion Strategies in recent years became heavily exposed to digital assets.
Hedge Fund Alpha got a chance to analyze Legion Strategies' latest Q2 letter, in which the founders disclosed the fund's performance and emphasized their outlook on Bitcoin and digital currencies.
Bitcoin A Double-Edged Sword - Deliver Positives YTD, And Negatives In Q2
Legion Strategies delivered a significant negative return of -9.57% in Q2, while the fund is still holding strong with +19.08% YTD gains. The main detractor with 9 negative points during the quarter was the Macro book...
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