Former BitMex CEO Arthur Hayes Calls His Maelstrom Capital a ‘Very Patient’ Fund

Published on

HONG KONG — Former BitMex CEO Arthur Hayes and Akshat Vaidya, former Vice President of Corporate Development & Strategic Finance at BitMex, have embarked on a quest to surpass the returns generated by bitcoin and ether.

STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

Their strategic approach, however, entails a meticulous process that requires ample time for realization.

Hayes, the previous CEO of BitMex crypto exchange, and Vaidya, the former head of corporate development at the same exchange, jointly established Maelstrom Capital.

Vaidya now oversees investments at the organization.

According to the duo, Maelstrom Capital is currently focused on infrastructure firms since it is the most logical course of action at this phase of the economic cycle.

In an interview with CoinDesk, Hayes and Vaidya expounded on their plans and strategy.

Akshat Vaidya, Head of Investments at Maelstrom

“Nothing scales like consumers, but we’re not quite at the phase where there’s enough infrastructure to support that,” Vaidya said.

Maelstrom serves as a family office for Arthur Hayes and manages a pool of his cryptocurrency assets.

Since the funds are solely owned by Hayes, the firm is not dependent on liquidity providers and therefore lacks the motivation to quickly invest capital in order to generate management fees.

The firm operates with a patient approach, which is a notable feature of its modus operandi.

Arthur Hayes, Chief Investment Officer at Maelstrom

“We want to identify projects that are actually quality,” Hayes said.

“It’s not a game of spray-and-pray because we don’t have outside LPs.”

Infrastructure deals have “strong technological moats that are addressing a large market, and it’s simple to understand business: It’s ‘P’ multiplied by market size,” explains Vaidya.

CLICK HERE TO READ THE FULL STORY

Image

Latest articles

Ripple Secures Full Payment Institution License from Singapore’s Central Bank

SINGAPORE — Ripple, a prominent player in the digital payment industry, announced that it...

Bitcoin Whales Amass Record Holdings, Now Hold 66% of Supply

Prominent Bitcoin ($BTC) investors have engaged in substantial accumulation of the flagship cryptocurrency throughout this year, amassing a total of 13.03 million coins in their holdings, marking the highest level in 2023.

SEC Takes First Enforcement Measure Against NFTs Regulatory Body Concludes Impact Theory’s NFTs Were Marketed as Unregistered Securities

U.S. regulatory authorities have mandated a Los Angeles company, which had previously issued non-fungible tokens (NFTs), to provide compensation to investors who had procured the aforementioned NFTs.

Binance Cuts Ties with Sanctioned Russian Banks Amid Regulatory Compliance Efforts

Binance has severed its affiliations with five Russian banks that were under sanctions, having been previously featured on the exchange's peer-to-peer platform for ruble fund transfers, the native currency of Russia.

More like this

Bitcoin Whales Amass Record Holdings, Now Hold 66% of Supply

Prominent Bitcoin ($BTC) investors have engaged in substantial accumulation of the flagship cryptocurrency throughout this year, amassing a total of 13.03 million coins in their holdings, marking the highest level in 2023.

SEC Takes First Enforcement Measure Against NFTs Regulatory Body Concludes Impact Theory’s NFTs Were Marketed as Unregistered Securities

U.S. regulatory authorities have mandated a Los Angeles company, which had previously issued non-fungible tokens (NFTs), to provide compensation to investors who had procured the aforementioned NFTs.

Binance Cuts Ties with Sanctioned Russian Banks Amid Regulatory Compliance Efforts

Binance has severed its affiliations with five Russian banks that were under sanctions, having been previously featured on the exchange's peer-to-peer platform for ruble fund transfers, the native currency of Russia.