MEV Capital Management Launches DeFi Hedge Fund with $130M Deployment Target

MEV Capital Management Ltd. has launched a new digital asset hedge fund, the "MEV Capital Stablecoin High-Yield Fund SP." This Cayman Islands-domiciled fund focuses on decentralized finance (DeFi) strategies executed on the public Ethereum blockchain and its associated Layer 2 solutions.

The fund aims to deploy and monitor trend-agnostic strategies, seeking yield and timed opportunities within DeFi. It interacts with decentralized finance protocols and digital asset derivative providers to achieve market neutrality, targeting assets pegged to the U.S. dollar selected for security, liquidity, and yield potential. The fund has a target Assets under Management (AuM) of $130 million through 2023.

"We are delighted to deploy the MEV Capital Stablecoin High-Yield Fund SP to give institutional investors access to DeFi strategies following a market-neutral mandate, while being in line with regulation and accounting standards," said Laurent Bourquin, Director at MEV Capital Management.

The fund employs strategies including liquidity provision, market-making activities, and arbitrage. MEV Capital Management also plans to launch an ETH-denominated High-Yield Fund later this year and expand its activities to other Layer 2 networks.