Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms
Reynolds Holding
MAY 30, 2022
The effect is much stronger if the backing CF’s investment strategy resembles that of a venture capital fund, rather than a hedge fund. We document that CFs outperform the market by 2.69 percent per month, as measured by the traditional CAPM-alpha. This post comes to us from Paul P.
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