Moon Pursuit Capital launches a $100 million crypto fund

According to CoinDesk, the cryptocurrency-focused investment firm Moon Pursuit Capital has announced the launch of a $100 million crypto fund.

This new fund will be built around algorithmic trading strategies, aiming to maintain market neutrality. Market neutral strategies are investment approaches designed to achieve returns that are largely unaffected by overall market fluctuations, with the goal of eliminating or significantly reducing dependence on the overall market direction.