Nicholas Levenstein & Company
Consistent Yield.
Quarterly Liquidity.
A hedge fund for accredited investors and family offices seeking risk-managed returns from crypto derivatives and some other commodity, structured and corporate products.
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As of Today: January 13, 2026
Today's Contango Opportunities
Live signals from our "Opportunity Seeker" proprietary arbitrage scanner.
| Asset | Expiry | Type | Spot Price | Futures Price | Annual Yield | Analysis |
|---|---|---|---|---|---|---|
| GOLD | Jun 26, 2026 | CME Future | $4,473.00 | $4,585.60 | +5.58% | ✅ STABLE |
| ETHEREUM | Jun 26, 2026 | Coin-M Fut | $3,112.00 | $3,240.00 | +9.15% | ✅ PRIME |
| BITCOIN | Mar 27, 2026 | CME Future | $91,020.00 | $91,160.00 | +0.76% | ⚠️ LOW YIELD |
| GOLD | Mar 27, 2026 | CME Future | $4,473.00 | $4,534.70 | +6.90% | ✅ ACTIVE |
Q4 2025 Report: Crypto Money Fund Dollar Hedge II (CMFDH II)
Q4 Summary: Q4 2025 tested our hedging framework against high volatility. While USD value declined, our primary objective of Bitcoin accumulation was successful.
Bitcoin Holdings: ₿11.63 → ₿13.23 (+11.74%)
USD Return: Quarterly ROI -14.78% (ending value: $1,158,592.41)
Market Alpha: BTC spot fell ~24% during the period. Our hedges mitigated downside risk, outperforming the underlying asset by ~10 percentage points.
Fees (Q4 2025): As there was no positive dollar performance, no success fees were accrued; only the standard 0.5% quarterly management fee was applied.
Track Record (Normalized): A previously reported 9.5% mean was the result of incorrectly averaging weekly returns from 2019 with quarterly returns of later years. By normalizing to a quarterly frequency, we find an exceptionally strong risk-adjusted return profile.
Annualized IRR (CAGR): 56.6% | Sharpe Ratio (CMFDH): 1.50
Yield Infrastructure & AI Integration: We are expanding internal automation to improve execution and scaling — including “Kate” (AI systems for outreach and scheduling) and our “Opportunity Seeker” app to scan for high-probability yield in contango and covered call structures. A beta launch on our website is targeted for mid-February.
Liquidity: Investors may exit the Fund at the end of each quarter by providing at least 2 weeks' prior notice to the Fund Manager.
2026 Outlook: Our roadmap emphasizes operational discipline and capital efficiency: measured deployment of capital into signals generated by the new system (subject to strict risk limits), and a selective global tour in late Q1 to engage with the industry and expand our investor base.
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 Briefing
Please select your region below to find the most suitable time slot.
Nick Levenstein (Fund Manager)
Best for Asia & Pacific Timezones
Paul Aidoo (Accounting Advisor)
Best for Americas & Europe Timezones
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.
- Long-term performance (normalized): 56.6% annualized IRR (CAGR) with 37.0% annualized volatility.
- Exceptionally strong risk-adjusted profile with a Sharpe Ratio of 1.50 (CMFDH, normalized to quarterly frequency).
- Strategy is designed to mitigate risk while generating uncorrelated yield through crypto derivatives.
Fee Structure
The Fund charges a Management Fee of 0.5% per quarter of the
accumulated funds. The Success Fee is 20% of the profit generated by the Fund in each quarter.
Our Crypto Strategy
Invest In Crypto
With Lower Volatility
Check Our Performance
Proven Track Record
Our original fund, CMDF, survived the 2022 market downturn when Bitcoin fell -75% with a 13% profit for the year, during which all of our CMFDH I investors’ money was returned. Our compounded annual returns over both funds were 66%.
Advanced Strategies
We utilize sophisticated trading technology and quantitative analysis combined with extensive crypto derivatives expertise.
Combined Performance Of CMFDH I And CMFDH II
Benefits of investing with us:
Diversify Your Portfolio & Earn Quarterly Income
Quarterly Returns
Our market-neutral crypto strategy delivers reliable income generation regardless of market conditions.
Downside Protection
Our hedging techniques preserved capital with 13% profit in 2022 while Bitcoin fell 75%.
Audited Performance
Since 2019, investing in our consecutive funds would have yielded a 65% annual compounded return over nearly 6 years.
Market-Neutral Strategy
Sophisticated derivatives trading combining carry trades and innovative strategies for consistent profits.
Expert Team
Leadership with proven financial expertise ensures professional management of your investments.
Liquidity Access
Access your capital when needed without the restrictive lock-up periods of traditional funds.