Meet Trace Capital – a relatively new name in the crypto world and a hedge fund with big ambitions for the future. The venture currently manages more than $300,000 for a small group of investors and is getting bigger and bigger on the market.
The reasons for that are many. However, the biggest one is the fact that Trace Capital uses a custom designed algorithm to predict the price movements of cryptocurrencies (such as Bitcoin, Ethereum etc.) and has so far proved moderately successful.
Just like hedge funds and their predictions on stocks, Trace Capital is designed to give profits to everyone investing in it. The hedge fund even got buyout offers – however – Leo Tulchin (CEO) and his partner say that they won’t sell it anytime soon (well, at least until they graduate from college).
The two partners are currently undergrad students at the New York University (NYU). In the news, they are getting a lot of nicknames for their expertise and their entrepreneurial spirit to run something as big as Trace Capital from the comfort of their dorm room. Even though they are now majoring in finance, they were previously in neuroscience and media.
As Tulchin said in an interview with the New York Post:
“We really believe in this thing.“Brandon and I are working together to incorporate into a cryptocurrency hedge fund. For now, we’re not taking a piece of things but just helping out friends and family.”
When it comes to actual results, there are many satisfied clients behind Trace Capital. One of them is Konig Chen who is a 22-year old hospitality and leisure management major. He entrusted the guys behind Trace Capital and profited with around $300,000 after the market correction at the end of the year.
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