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Investment objectives
Campsor aims to achieve consistent, stable, and absolute returns by leveraging our diverse skillset and a disciplined risk management style.
The fund targets double-digit returns with a volatility of 15–20%.
Quantitative crypto hedge fund
Consistent absolute returns within a meticulously defined risk framework. Market-neutral by design, data-driven by process.
About us
Campsor Capital is dedicated to generating risk-adjusted returns by managing a quantitative-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.
We aim to achieve consistent absolute returns within a meticulously defined risk framework.
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.
Our fund
Campsor aims to achieve consistent, stable, and absolute returns by leveraging our diverse skillset and a disciplined risk management style.
The fund targets double-digit returns with a volatility of 15–20%.
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.
Risk framework
Traditional risk management approach pairing well with the innovative nature of crypto-assets, using data driven models and systematic scenario analysis to quantify exposures, preserve portfolio diversification and hedge unwanted risks.
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 collateral is held by a regulated trusted third-party custodian, reducing credit exposure.
Performance
| Year | 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% | 20.6% | 7.1% | 2.7% | 33.7% |
| 2026 | 2.9% | 2.1% | 1.0% | -2.5% | 5.5% | 3.8% | -0.5% | 1.5% | 14.3%YTD |
* 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 compiled by the Fund Administrator, with yearly audit.
Our trusted service providers and partners
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.
Business Developer
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.
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.
Quant
Quant with a market-risk background at Banco BPM, where she validated pricing models and ran stress testing and sensitivity analysis in Python and C++. MSc in Mathematics with honours from the University of Milan. At Campsor she owns the quantitative layer of the investment process, designing and validating the pricing and risk models behind the strategies and turning research into systematic execution alongside the trading desk.
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 an asset-management firm overseeing a 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.
Senior Software Engineer
17-year career as tech founder and developer, with deep expertise in cloud computing, AI/ML and blockchain. Founder & CEO of Heveloon Ltd, a software development company successfully exited in 2025. Led complex IT projects for Unicredit, Moncler, and Dolce & Gabbana. Spearheaded cloud migration for Banca Progetto, requiring special authorisation from Bank of Italy.
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 to receive additional information.
Important notice
The information on this website is directed exclusively at professional, institutional and well-informed investors. It is not intended for, and must not be relied upon by, retail investors, nor by any person in a jurisdiction where its publication would be contrary to local law or regulation.
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, and investors could lose all or a substantial portion of their investment. Past performance is not indicative of future results.
By entering you confirm that you are a professional, institutional or well-informed investor, and that you may lawfully access this information in your jurisdiction.
