How two Pythagoras crypto hedge funds dodged the market collapse

The cryptocurrency space is undergoing one of its roughest stretches in memory, with trouble brewing at exchanges and lenders, and token prices collapsing. But one company has been able to ride out the volatility. 

Pythagoras Investment Management LLC has two funds that have been rare bright spots in a market that’s been eviscerated by a number of scandals. Both its Market Neutral Fund -- a strategy that doesn’t have exposure to the price of any crypto at any time -- and its trend-following Pythagoras Token Fund have each gained about 8% this year, according to the company. Meanwhile, the world’s