Built to Thrive in Uncertain Times
In an ever-evolving digital asset landscape marked by volatility and rapid innovation, Amphibian Capital stands out as a diversified crypto quant fund of funds, engineered for resilience and long-term growth. By combining the performance potential of leading crypto hedge funds with institutional-grade risk management, Amphibian targets optimal risk-adjusted returns across USD, BTC, and ETH—designed for investors seeking consistency in unpredictable markets.
The fund continuously evolves with the industry, leveraging data-driven rebalancing to maintain strategic alignment without requiring constant oversight from investors. This adaptive model allows participants to benefit from market inefficiencies while minimizing exposure to single-point failures.
👉 Discover how a diversified crypto fund strategy can enhance your portfolio’s resilience.
The Amphibian Advantage: Adaptability Meets Performance
Why Invest in a Crypto Fund of Funds?
With over 1,000 crypto hedge funds globally, identifying top-tier performers is a monumental task. Amphibian Capital has reviewed more than 700 funds, conducted deep due diligence on the top 200+, and strategically allocated capital into a curated portfolio of 10–15 leading funds. This rigorous selection process ensures exposure to high-skill managers while spreading risk across diverse strategies.
Targeted Returns & Structure
- Double-digit net average annual returns in USD, BTC, or ETH over a 5–10 year horizon
- Conservative quarterly target: 2–4% net return
- 6% soft hurdle rate – performance fees only apply above this threshold
- Monthly liquidity after a 6-month lock-up period
This structure aligns incentives, ensuring that Amphibian only earns when investors do.
Core Investment Thesis
Amphibian Capital’s strategy rests on four foundational beliefs about the future of digital assets:
- Long-term bullish outlook on BTC and ETH – Confidence in the continued adoption and value accrual of major cryptocurrencies.
- Persistent market volatility and inefficiency – Ongoing price swings create opportunities for skilled quant traders.
- Multi-year return potential – Targeting 2–3x+ returns in BTC, ETH, or USD over 10–20 years.
- Consistent alpha generation – Focused on delivering steady gains regardless of market cycles.
By harnessing these dynamics through a diversified fund-of-funds model, Amphibian aims to generate compounding returns while mitigating downside risk.
Robust Due Diligence & Risk Management
One of the fund’s defining strengths lies in its institutional-grade risk framework. Only about 2% of evaluated crypto funds meet Amphibian’s stringent criteria, reflecting a commitment to quality over quantity.
Key Risk Metrics:
- Sharpe ratio above 5+ (pro-forma), indicating strong risk-adjusted returns
- Portfolio optimized using proprietary algorithms and 13+ months of live performance data
- Low correlation (0.09) between fund yield and both traditional assets and BTC price – enhancing portfolio diversification
- Average annual counterparty risk impact: -1.54% over the past five years
Despite exposure to FTX (approximately 5% at the time), proactive risk controls limited overall impact. The fund anticipates partial recovery through ongoing liquidation processes.
Performance Highlights: BTC on BTC Growth
For long-term Bitcoin holders seeking yield without relinquishing custody, Amphibian offers a compelling solution.
Amphibian BTC Alpha – Pro-Forma Net Performance
Since January 1, 2019: +169.29% (BTC on BTC)
This figure represents the net annualized performance of the underlying fund portfolio had it been fully invested since 2019, adjusted for fees and rebalancing assumptions. Actual performance tracking began August 1, 2023.
Strategic Yield Targets:
- 12–15%+ net APY in non-bull market conditions
- Potential for 75–100%+ net returns across a full 4-year crypto cycle
- Focus on generating returns from market inefficiencies, not directional bets alone
This approach enables BTC holders to grow their holdings organically while maintaining exposure to long-term appreciation.
Who Is This For?
Amphibian Capital serves sophisticated investors who prioritize:
- Capital preservation
- Transparent operations
- Access to elite crypto trading talent
- Long-term wealth compounding
Ideal participants include:
- Accredited investors
- Large BTC and ETH holders
- Family offices
- Institutional allocators
👉 Learn how professional-grade crypto investment strategies can work for long-term holders.
Leadership: Deep Expertise Across Finance & Crypto
The team combines decades of experience in traditional finance with deep roots in blockchain innovation.
James Hodges – Managing Partner & Co-Founder
Finance graduate from UC Berkeley; active in crypto since 2013. Instrumental in scaling fintech startup MX.com from 2M to 28M users.
Todd Bendell – CFP®, General Partner & Co-Founder
Former Merrill Lynch advisor managing $100M+ in private wealth; crypto investor since 2014.
Alexandre Pereira – COO
Over 20 years in global investment banking, including leadership roles at HSBC and crypto hedge funds. Expertise spans operations, compliance, and execution technology.
Ivailo Jordanov – General Partner & Fund Selection Lead
Seasoned crypto quant investor with 10+ years of experience; lead crypto partner at a $100M VC fund; has backed 300+ blockchain projects since 2016.
Backed by 30+ GPs and team members, including former executives from BlackRock, PIMCO, and Pantera Capital, Amphibian brings Wall Street rigor to digital asset investing.
What Investors Are Saying
“I’m an investor in Amphibian because I believe they’re the best crypto quant fund of funds. The return on my ETH has far exceeded my expectations, and there’s a level of consistency and repeatability that shows they have strong manager selection skills.”
— Joey Krug, Partner at Founders Fund, Former Co-CIO Pantera Capital“I had moved a substantial part of my portfolio into the ETH fund just before the FTX chaos hit… Amphibian's team was ready. Now, I feel more informed and better positioned for long-term gains.”
— James Workman, Founder, AquaShares Inc.“Their diligence is both thorough and highly specific… Amphibian Capital stands out as the most sophisticated fund of funds I’ve encountered.”
— Hugo Xavier, Co-Founder & Head of Trading, K2 Trading Partners“The balance between risk and performance is well articulated and transparent… I wouldn’t hesitate to recommend Amphibian Capital.”
— James Burbidge, Managing Director, Deutsche Bank
These testimonials reflect real feedback from limited partners and industry leaders—no compensation was provided.
A Regenerative Vision for Finance
Beyond returns, Amphibian Capital is built on a mission to create positive impact. The firm has pledged that up to 50% of GP profits will be redirected toward impact-driven startups, nonprofits, and sustainability initiatives as it scales.
This regenerative model reflects a belief that finance should not only grow wealth but also contribute meaningfully to society and the ecosystems it operates within.
Frequently Asked Questions (FAQ)
Q: What is a crypto fund of funds?
A: A fund of funds invests in multiple underlying hedge funds rather than directly in assets. In crypto, this allows for diversified exposure to top-tier trading strategies while reducing reliance on any single manager.
Q: How does Amphibian manage counterparty risk?
A: Through strict due diligence, low allocation caps per fund, continuous monitoring, and proactive withdrawal during red flags—e.g., successfully limiting FTX exposure impact despite market-wide fallout.
Q: Is liquidity available?
A: Yes. Investors receive monthly liquidity after a 6-month initial lock-up period, offering flexibility uncommon in alternative investments.
Q: What fees does Amphibian charge?
A: A standard 2% management fee and 20% performance fee apply only above a 6% soft hurdle rate—ensuring alignment with investor success.
Q: How is performance measured in BTC or ETH terms?
A: Returns are calculated net of fees in native cryptocurrency terms (“BTC on BTC”), allowing holders to assess real purchasing power growth without USD volatility distortion.
Q: Can individual investors participate?
A: Participation is currently limited to accredited investors, family offices, and institutions meeting regulatory requirements.
👉 See how next-generation crypto investment vehicles are reshaping portfolio strategies.
Pro forma performance data reflects estimated returns based on historical performance of underlying funds; actual results may vary. Past performance does not guarantee future results. Investments are subject to market risk.