Presidio Trading, a quantitative hedge fund focused on trading digital assets, plans to separate its crypto tail risk strategy into a standalone fund, the company said.

The decision follows the strategy’s strong performance this year, the firm said. In June, the strategy returned about 560% while the overall fund added 4%. Ether (ETH) fell 44% and bitcoin (BTC) dropped 37% in the same period.

(By Will Canny)