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Crypto hedge fund Tephra Digital gains 11% in May

Crypto

Hedge Funds Correspondent

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A price rally in bitcoin and ether helped some crypto hedge funds post double-digit gains last month.

Tephra Digital, which is backed by Jefferies’ Leucadia Asset Management, gained 11% in May on the back of winning crypto bets. Tephra Digital’s year-to-date gain stands at around 7%, according to people familiar with the matter.

The US-based firm is backed by Jefferies’ Leucadia Asset Management

Bilal Jafar

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