Systematic Alpha GP, an affiliate of Systematic Alpha Management (SAM) which manages the Systematic Alpha Intraday Trading Program, has launched the Systematic Alpha Cryptocurrency Arbitrage Fund trading pure arbitrage in digital assets on major cryptocurrency exchanges.

The fund started trading in May 2022, employing a proprietary pure arbitrage crypto strategy, which has been traded live using proprietary capital since February 2020. The seed capital for the Fund came from Bequant – an Institutional Prime Broker and Exchange which was recognised by HedgeWeek as the Best Digital Assets Prime Broker in 2022.

The fund trades exclusively bitcoin and ether futures and spot, exploiting arbitrage opportunities related to these digital assets trading simultaneously on different cryptocurrency exchanges. Arbitrage is the process of instantaneously buying and selling a financial instrument on different exchanges, in order to make a profit from an imbalance in price.

The fund engaged top service providers to meet the high operational demands of institutional investors and passed the Operational Due Diligence performed by a London-based award-winning ODD service provider. Earlier this year, the Fund signed a Term Sheet with an institutional client for a $17 million allocation.