Identify liquid digital-asset rate premiums.
TRILATERAL
Strictly private & confidential
Bedrock Digital Fund LP
Fund spotlight: Bedrock
and delta neutral strategies
A systematic accrual strategy designed to capture crypto-market rate premiums while hedging broad market exposure.
Bedrock seeks to isolate the spread between traditional financing rates and crypto-market yields. The strategy is built around daily mark-to-market monitoring, systematic hedging and active counterparty risk management.
Manager-reported profile
17.8%Annualized gross
strategy return*
strategy return*
4.93Manager-reported
strategy Sharpe*
strategy Sharpe*
33Consecutive positive
months*
months*
-0.04Approx. correlation
to BTC / SPY / QQQ*
to BTC / SPY / QQQ*
*Manager-reported, unaudited figures reproduced from manager materials.
Strategy and returns
Accrual framework and monthly history
Accrual, not directional
speculation.
The portfolio is designed to pursue market-neutral digital-asset yield through a disciplined hedge framework.
Systematically reduce beta and directional exposure.
Monitor venue, custody and credit risk.
Target a repeatable return stream from the hedge.
Positive every month
Compounded monthly returns from the daily workbook, 1 November 2023 to 30 June 2026.
| Month | Return | Month | Return | Month | Return | Month | Return |
|---|---|---|---|---|---|---|---|
| Nov 23 | +1.94% | Dec 23 | +5.58% | Jan 24 | +0.98% | Feb 24 | +3.37% |
| Mar 24 | +5.07% | Apr 24 | +0.72% | May 24 | +1.70% | Jun 24 | +4.98% |
| Jul 24 | +0.03% | Aug 24 | +0.56% | Sep 24 | +0.86% | Oct 24 | +0.91% |
| Nov 24 | +1.11% | Dec 24 | +3.48% | Jan 25 | +0.88% | Feb 25 | +0.67% |
| Mar 25 | +0.59% | Apr 25 | +0.50% | May 25 | +0.74% | Jun 25 | +0.47% |
| Jul 25 | +3.12% | Aug 25 | +2.02% | Sep 25 | +1.48% | Oct 25 | +2.79% |
| Nov 25 | +0.75% | Dec 25 | +0.67% | Jan 26 | +0.49% | Feb 26 | +0.30% |
| Mar 26 | +0.23% | Apr 26 | +0.18% | May 26 | +0.42% | Jun 26 | +0.51% |
32 of 32 observed months were positive. Figures are calculated from the supplied daily return workbook and are unaudited.
CFO spotlight
Tom Costello
Chief Financial Officer
30+ years across institutional finance, derivatives and quantitative trading.
J.P. Morgan / Deutsche Bank
Exotic derivatives, pricing models, SPVs and bespoke hedging.
Moore Capital
Led a quantitative research team on the buy side.
Tudor / Telluride
Manager materials cite a $100m strategy with seven profitable years and no down year, followed by senior equity trading leadership at a reported $1bn AUM hedge fund.
Model pedigree
Worked under Piotr Karasinski, co-developer of the Black-Karasinski interest-rate model.
Fund terms
- Inception
- 1 November 2023
- Minimum
- $250,000
- Fees
- 2% management / 20% performance
- Liquidity
- Quarterly / 30-day notice
- Administrator
- NAV Consulting
Allocator access
Offering documents, return detail and the manager's risk / counterparty framework are available for qualified diligence.