Asset ManagementLUCIDA
8 Years of Quant Research · Cayman SPC Fund
LUCIDA
Crypto Quantitative Hedge Fund
LUCIDA is a crypto-focused quantitative hedge fund with 8 years of track record. Through three independent product lines—USD-margined delta neutral, BTC-margined delta neutral, and Alphabet multi-manager—we deliver through-cycle risk-adjusted returns for institutional investors.
Fund NAV Performance
2023/09 ~ 2026/06
85.6%
Total Return
4.6
Sharpe
-4.02%
Max DD
$120M
2026 AUM Target
20+
Team Size
3
Fund Lines
8+
Years Track Record
Live Performance
Q2 2026 Highlights
Download full newsletter (PDF)- Single-exchange funding arbitrage: 19% quarterly annualized despite 3 ADL events, well above peers
- Cross-exchange USDT arbitrage: ~20% quarterly annualized, +3.34% in June alone
- BTC-margined arbitrage: ~3.67% annualized; in observation after risk-stop triggered in June, fixes land in Q3
- CTA under pressure (-10% 90-day annualized, industry-wide), still +13.43% ARR YTD 2026
- Team growth: new finance+AI strategist and senior crypto advisor onboard; AI Agent strategies in R&D
- Fundraising: substantive talks with US/EU allocators; compliance fund in active fundraising
85.6%
Total Return
21.8%
2026 YTD ARR
26.31%
2025 ARR
23.26%
2024 ARR
25.57%
2023 ARR
4.6
Sharpe Ratio
9.09
Sortino Ratio
6.06
Calmar Ratio
-4.02%
Max Drawdown
Fund NAV Curve
Starting 2023/09, initial NAV = 1.0
* Past performance does not guarantee future results. Source: LUCIDA Q2 2026 Newsletter (as of Jun 30, 2026); metrics refer to the flagship cross-exchange funding arbitrage strategy.