Empire What Liquid Funds Are Buying Featuring Seth Ginns & Cosmo Jiang
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Aug 18, 2025 Seth Ginns from CoinFund and Cosmo Jiang from Pantera Capital bring their liquid fund expertise to discuss the dynamic world of cryptocurrency. They dive into the challenges fund managers face amid shifting market dominance and the importance of fundamental analysis in selecting outperforming tokens. The duo emphasizes strategic portfolio management, advocating for quality-focused investment strategies. They also explore the significance of digital asset treasuries and envision a future where 24/7 trading reshapes financial landscapes.
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Tokens As Early Liquid Equity
- Tokens let investors access early-stage companies with liquid markets, creating equity-like investment opportunities.
- Seth Ginns says institutional infrastructure now enables fundamental, long-term token investing similar to equities.
Different Liquid Fund Mandates
- Liquid funds vary: market-neutral, absolute return, and directional long strategies each serve different LP needs.
- Cosmo Jiang positions his fund as a fundamental, directional long token picker focused on compounding winners.
Match LPs To Your Mandate
- Choose LPs whose expectations match your mandate to avoid painful performance conflicts.
- Cosmo Jiang warns that mandates limiting concentration will force underperformance versus Bitcoin during BTC-led rallies.