Hilbert Basis+ USD Strategy
Delta‑neutral, low‑volatility USD strategy that captures Bitcoin interest‑rate curve inefficiencies using AI/ML, with disciplined risk limits and access to deep front‑end liquidity.
Strategy Highlights
Yield‑curve arbitrage
Arbitrages the BTC yield curve and employs additional proprietary methods to monetise interest‑rate dislocations.
AI/ML‑driven basis capture
Models identify and size opportunities across spot and perpetual markets to target the highest possible basis.
Deep, front‑end liquidity
Focus on the short end of the curve with access to top‑tier liquidity, supporting stable execution and low volatility.
Proactive risk management
Leverage capped at 1× with hard limits for Ruin Matrix, EVaR, Delta, and Monthly Stop Losses; soft limits govern Theta, Vega, liquidity, fixing, and settlement risk.
Key Information
|
Launch Date |
1 Dec 2023 |
Average Duration |
0.25-12 months |
|
Investment Vehicle |
Cayman Fund |
Max Leverage |
1× |
|
Liquidity |
Monthly |
Currency Exposures |
BTC/USD |
|
Fee Structure |
2/20 |
Asset Classes |
USD |
|
Auditor |
MGS |
Minimum Investment* |
USD 2,000,000 |
Why Basis+ USD?
Like any financial ecosystem, Bitcoin exhibits a term interest structure that is embedded in both price and market mechanics. The Funding Rate anchors the perpetuals market to spot and links the short end of the yield curve to the long end. Basis+ USD is designed to harvest this structure: the programme systematically captures the basis and other yield‑curve inefficiencies while remaining delta‑neutral and operationally robust.
This page is informational only and not an offer or solicitation. Distribution is intended for professional investors; please refer to the relevant Private Placement Memorandum and risk factors before investing.
Frequently Asked Questions
Q:Who is this strategy for?
Institutional investors seeking USD‑denominated, delta‑neutral exposure to Bitcoin markets with low volatility and institutional governance.
Q: How does it work?
The strategy uses AI/ML to capture the basis between spot and perpetuals, arbitrages the BTC yield curve, and applies strict risk limits while maintaining 1× leverage cap and monthly liquidity.
Q:What are the risks?
Market shocks, liquidity constraints, venue and operational risks, and model risk can impact returns. Past performance is not indicative of future results.