Ginns: CoinFund re-underwrites liquid holdings after 20-25% drawdown vs Bitcoin
Seth Ginns · Crypto for Institutions 3: Seth Ginns – Investing Beyond Bitcoin (Capital Allocators, EP.182) · Mar 15, 2021 · at 44:53
Seth Ginns, Managing Partner at CoinFund, explains the firm's risk management protocols and liquid crypto portfolio re-underwriting framework to Ted Seides.
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“So if we have a, depending on the volatility of the asset, if we have a 20 to 25% relative drawdown versus Bitcoin, let's make sure that our thesis is playing out. Let's make sure we understand the dynamics that are at play. And the re-underwriting decision can be to size up again to the original position. Or it can be that there's some competitive dynamics that are changing or some emerging threats that lead us to either want to have a smaller position or be out of the position entirely at that moment. We're investing with a nine to 12 month time horizon.”
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