Top Traders Unplugged
OI14: Behind the Scenes of a Crypto Hedge Fund ft. Michael Hall & Anatoly Crachlilov
Feb 19, 2025
Join Anatoly Crachilov, CEO of Nickel Digital with a background in Goldman Sachs, and Michael Hall, their CIO and prop trading expert, as they dive into the evolution of their crypto hedge fund. They discuss the challenges faced in transitioning from traditional finance to digital assets and the innovative multi-manager strategies they've developed. The duo shares insights on risk management, managing volatility, and the unique aspects of identifying and onboarding talented portfolio managers. Their hands-on approach reveals how they navigate the complexities of the ever-changing crypto market.
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Quick takeaways
- Anatoly and Michael transitioned from traditional finance to founding Nickel Digital, ultimately focusing on diversified strategies in the crypto market.
- The evolution of Nickel Digital’s trading methods reflects a significant shift from initial arbitrage to managing independent trading teams for alpha diversification.
Deep dives
Transition to Crypto Hedge Fund
Anatoly and Michael discuss their transition from traditional finance to founding Nickel Digital, one of the largest crypto hedge funds. Their journey began due to increasing client inquiries at Goldman Sachs regarding the value of cryptocurrencies in portfolios. Initially skeptical, they both became captivated by blockchain technology and identified an opportunity to build a hedge fund centered around digital assets. This transition led to the establishment of a multi-manager, multi-strategy setup, aimed at capitalizing on the inherent volatility and inefficiencies in the crypto market.
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