Huobi founder Li Lin has returned to the cryptocurrency market. His family office Avenir Capital has established a quantitative fund called Avenir Crypto. The initial scale of the fund is US$500 million. The investment amount includes 200 million USDT stablecoins, 3,000 bitcoins, and 50,000 ethers. It will support the outstanding quantitative trading teams in the market.

According to Chinese cryptocurrency media TechFlow, Li Lin established the Avenir Crypto quantitative fund, heralding his return to the cryptocurrency market.

As the founder of the cryptocurrency exchange Huobi, Li Lin once had a net worth of 13 billion yuan thanks to the rise of the cryptocurrency industry, and was ranked 50th on the Hurun Global Self-Made U40 Rich List. However, after Baiyu Capital acquired all of his shares in Huobi from him in 2022, Li Lin gradually faded out of market attention.

But with the establishment of the Avenir Crypto quantitative fund, the Chinese crypto community sparked heated discussions on Friday (September 13).

Chris Lee, former CFO of Huobi Group, is optimistic about the prospects of the quantitative fund and believes that Li Lin has foresight and an international perspective in the cryptocurrency market.

He said: "Looking back on Li Lin's decisions over the years, they are all of strategic significance. After selling Huobi, his personal experience in Europe and the United States has given Mr. Li a more international perspective and a more far-sighted judgment of the future. The name of the family office is Avenir, which means "future" in French, and has institutional and artificial intelligence (AI) elements."

According to LinkedIn, Avenir Capital is a family office focused on asset management and wealth growth.

Founded in 2023 and headquartered in Hong Kong, Avenir Capital focuses on investing in global stock markets and Web3 markets. In addition, Avenir Capital claims to have obtained compliance licenses from major jurisdictions.

It is reported that Avenir Crypto's investment methods are divided into three categories: full investment by the investor, joint investment by both parties (investors and managers), and subordinated investment by managers (the manager bears greater risks).

At the same time, the profit distribution model of this quantitative fund will also have three options, including 0-1% management fee and tiered dividends, flat capital allocation and tiered dividends, and the manager's subordinated tiered dividends or fixed loan interest rates.

The official said that interested excellent quantitative teams can contact directly.

In addition, in terms of screening fund managers that meet their requirements, they set performance standards, namely maximum drawdown, Delta, Sharpe ratio, etc., as well as risk management measures, including warning lines and liquidation lines.

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