Nicholas Levenstein & Company
Consistent Yield.
Quarterly Liquidity.
A hedge fund for accredited investors and family offices seeking risk-managed returns from crypto derivatives.
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Q3 2025 Report: Crypto Money Fund Dollar Hedge II
IRR: 61% | Sharpe Ratio: 1.5
Quarterly Return: 6.08% gross ($77,669) — 4.56% net ($58,252) after fees, including the 0.25% Management Fee and any applicable Success Fee.
The fund closed Q3 2025 with solid results, continuing its strong multi-year trend. Amid tightening spreads as major Wall Street players enter the crypto derivatives market, our strategy evolved from selling overpriced options to using AI-driven deep analysis tools. These provide superior performance over prior automated algorithms and allow dynamic, adaptive position management.
Our long-term commitment remains unchanged. In 2022, we returned investor capital even with a 13% gain, upholding our high standards (Bitcoin fell 66% that year). In 2023, we delivered over 100% returns, proving our resilience. Our positions remain fully collateralized — meaning zero liquidation risk — offering investors unmatched stability in a volatile market.
Investors may exit the Fund at the end of each quarter by providing at least 2 weeks' prior notice to the Fund Manager.
Looking ahead, we maintain a focus on steady growth while being prepared to capitalize on any market dislocation similar to 2022’s event, where our structure allowed superior performance. The fund’s balance of discipline and flexibility keeps us positioned to perform even through global shifts.
Your Capital, On Your Terms
We built our fund on a principle of liquidity.
No Lock-Ups. Period.
Exit any quarter with two weeks notice. No gates, no penalties.
Tokenized for Transparency
Your investment is represented as a digital token (Q1 2026).
Quarterly Liquidity
Unlike traditional funds with multi-year lockups.
On Stage & In the Media
Nick Levenstein is a frequent speaker at global conferences on crypto derivatives.
The Magnet & The Spear – SiGMA Europe 2025
Nick explains inbound vs outbound AI sales funnels.
What Monty Hall Teaches Investors
A probability-based perspective on decision-making.
AI Meets Real Crypto Fund Management
How AI supports systematic derivatives strategies.
How to Invest
Our process is designed for clarity and transparency.
Review & Onboard
Get the PPM, subscription documents, and KYC/AML guidance.
Fund & Receive Shares
Your capital begins working once funded.
Book An Appointment
Book A 30 Minute Session To Review How We Do It!
Testimonials
What Our Clients Say
What We Do
Nicholas Levenstein & Co. has been managing funds for over five years. Its founder, Nicholas Levenstein, has been trading crypto derivatives for over 7 years.
- Impressive track record of 65% IRR in the first 5 ½ years since the inception of the CMFDH fund.
- NLC has successfully mitigated risks while outperforming markets.
- Strategy employed by NLC leads to consistent profits for its investors.
Fee Structure
The Fund charges a Management Fee of 0.25% of the accumulated funds, payable quarterly regardless of performance results.
The Success Fee is 20% of the profit generated by the Fund in each quarter.
Regulatory and Legal Information
The Fund Manager is an entity organized under the laws of Georgia and operates according to Georgian Securities Law.
The Fund is not regulated by the National Bank of Georgia (NBG). Agreements fall under Georgian jurisdiction.