Fore Elite Capital recorded a 14% gain for its $100 million crypto fund from its March launch to the end of July, company says in an emailed statement.

• The MVIS CryptoCompare Digital Assets 100 Index , which tracks the top 100 crypto tokens, was down roughly 42% during the five-month period: Bloomberg data
• Founder Yizhou Ye plans to grow the flagship fund past $200 million by the end of this year, and upward of $500 million by 2024-end: statement.
• The fund has a “more rigorous risk management system” than peers and it managed losses better in May-June after the Terra stablecoin collapse, using 24/7 automated trading: Ye says in an interview.
• Fore Elite is among several fund managers allowed by the Hong Kong Securities and Futures Commission to issue a fund with 100% virtual assets, and has raised money from the exchange operator Huobi.

(Quote from Bloomberg terminal)