CAMPSOR CAPITAL
Relative-value crypto hedge fund
ABOUT US
Campsor Capital is dedicated to generating risk-adjusted returns by managing a relative-value fund investing in crypto assets. It targets superior returns for investors through a semi-systematic approach that exploits market discontinuities whilst minimizing directional exposures and counterparty risk.​
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We aim to achieve consistent absolute returns within a meticulously defined risk framework.
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Founded by the marriage of crypto natives with veterans from TradFi, our team brings extensive experience from prominent Wall Street institutions such as Deutsche Bank, Banca Intesa, and MUFG, as well as leading hedge funds. This expertise is enhanced by a robust academic foundation in econometrics, mathematics, and engineering.
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The Fund
INVESTMENT OBJECTIVES
Campsor aims to achieve consistent, stable, and absolute returns by leveraging our diverse skillset and on a disciplined risk management style. The fund targets double-digit returns with a volatility of 15-20%.
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OUR APPROACH
The investment strategy is based on two pillars: monetization of dislocations across platforms and products; and dynamic allocation to market-neutral opportunities in innovative venues and protocols including DeFi.
Campsor aims at minimizing risks through a robust risk management approach and selection of tier-one platforms and service providers. Our investment process is data-driven and semi-systematic, allowing us to make objective decisions and execute trades efficiently.
THE HEDGE
Traditional risk management approach pairing well with the innovative nature of crypto-assets, using data driven model and systematic scenario analysis to quantify exposures, preserve portfolio diversification and hedge unwanted risks.
Proprietary IT infrastructure – combining our quantitative and DevOps expertise, we have developed advanced analytics and execution systems that power multi-venue trading with minimal slippage and efficient liquidity sourcing across spot, derivatives, and DeFi markets.
Pioneering counterparty credit risk mitigation via triparty agreements, where the collaterali is held by a regulated trusted third-party custodian, reducing credit exposure.
TRACK RECORD OF NET RETURNS*
Perf | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2019 | 3.9% | 6.5% | 2.2% | 8.8% | 0.7% | 2.2% | 0.6% | 0.0% | -0.2% | 1.0% | 2.0% | 1.0% | 32.2% |
2020 | 1.0% | 2.1% | 4.8% | 1.9% | 4.1% | 0.2% | 1.2% | 8.7% | 0.6% | 10.1% | 5.4% | 20.9% | 78.7% |
2021 | 8.9% | 4.5% | 9.6% | 12.7% | 2.5% | -3.5% | 8.3% | 7.0% | 1.4% | 1.0% | 2.1% | 0.0% | 68.2% |
2022 | 0.0% | 2.7% | 1.1% | 0.9% | -3.1% | -2.0% | 0.9% | -0.1% | -0.2% | -0.4% | -13.3% | -1.0% | -14.3% |
2023 | 7.2% | 0.8% | 0.9% | -0.3% | 1.0% | 3.1% | 1.1% | 0.5% | 0.4% | 0.8% | 1.2% | 0.4% | 18.4% |
2024 | 0.8% | 1.8% | 2.5% | 1.6% | 1.4% | 2.8% | 0.9% | 0.2% | 3.1% | 0.6% | 4.9% | 0.2% | 22.6% |
2025 | 0.0% | -6.2% | 0.2% | 0.7% | 0.5% | 1.3% | 1.0% | 1.5% | 2.0% | 0.8% |
* Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance. Capital is at risk. The value of an investment can go down as well as up and you may get back less than you invested. * Performance data shown until March 2022 included are unaudited and represent past performance of certain proprietary trading activities assuming a similar fee structure as Campsor’s. Returns from April 2022 represent Campsor’s Class A Shares net returns.
DIVERSE AND EXPERIENCED TEAM
Our team unites early-mover crypto traders who have been active since 2011, seasoned traditional-finance professionals with more than five decades of combined structuring and trading expertise, and a squad of highly skilled developers who work hand-in-hand with the investment desk to dissect protocols and build the risk-management technology that powers our edge.
Partner & CIO
Early adopter of digital assets, he began mining and investing in Bitcoin in 2011. Founder of UgoliniCapital, a proprietary trading firm dedicated to crypto-asset strategies, subsequently launched SaveBox.io, the market’s first specialised crypto-lending desk, which he successfully exited in 2021. As a seed-stage equity investor, he has backed several of the sector’s flagship platforms—including Kraken, Bitstamp, Deribit, Coinbase and Circle—providing both capital and strategic insight during their formative years.
Cloud-systems engineer for over a decade, having led international cyber-defence operations for a major Italian state-owned enterprise. Drove the end-to-end restructuring of risk-management architecture for a large asset manager, integrating real-time analytics into portfolio and trading workflows. Skilled smart-contract developer, he has also built on-chain automations and algorithmic trading bots that bridge CeFi and DeFi venues.
Business Developer
Equity Partner
With 15 years in capital markets, he specialises in modelling, trading and structuring complex derivative products. He has held front-office roles at Deutsche Bank, Mediobanca, MUFG and EFG Bank, designing bespoke solutions across rates, FX and credit markets. Academically, he earned both an MSc in Finance and a PhD in Applied Mathematics from Bocconi University, Milan.
Arianna Luna is a seasoned finance professional with over 15 years of experience in derivatives structuring and sales across both traditional and digital asset markets. With a successful track record at leading banks like Morgan Stanley and Nomura, she has a strong background in structuring bespoke solutions for institutional clients and has an in depth understanding of related risks. She is an advisor to Campsor with a focus on derivatives strategies and business expansion.
Equity Partner, Business Development
External Advisor, Regulation and Risk
Emanuele Rigo is a senior financial-services executive with more than 15 years’ experience in investment management, regulatory compliance and enterprise risk. As senior executive at asset-management firm overseeing nine-figure portfolio, he has extensive experience in corporate strategy, governance and regulatory frameworks, and directed cross-functional teams to deliver scalable growth and demonstrable risk-adjusted results.
With over a decade as a Structured Credit Trader in Tier 1 Banks managing a portfolio of exotic and illiquid instruments, Shagun is well-versed in managing risk, navigating product complexity and delivering returns under fast-moving market conditions. His experience with Capital Markets Business Transformation convinced him of the considerable potential of Web 3.0, and he moved full time to trading and investing in Crypto from 2023 onwards. He has a BSc in Mathematics and MBAs from IIM-Ahmedabad and INSEAD.
Advisor, Quantitative Strategies
Senior Software Engineer
A passionate and driven entrepreneur with over a decade of experience in creating innovative and scalable solutions. Founder of Heveloon Ltd, with a demonstrated history of working with major international brands and leading complex projects. Adept at leveraging cutting-edge technologies to deliver high-quality software development and cloud solutions. Committed to advancing the digital landscape and fostering growth in the UK and globally.
Contact Us
Our funds are open exclusively to professional and accredited investors, with a minimum investment of $100,000.
If you meet these criteria and would like to learn more, please complete the form below to receive additional information.
Campsor Capital Limited is incorporated in the British Virgin Islands and registered as an Approved Manager with the BVI Financial Services Commission.
Nothing on this website constitutes investment advice or an offer to buy or sell any security. Investing carries a degree of risk. Digital assets are highly volatile. Investor could lose all or a substantial portion of their investment. Past performance is not indicative of future results. Read the full disclaimer.