Oct 28 (The Block) - Investment firm Pantera Capital's early-stage token fund has lost nearly three-quarters of its value this year amid a bloodbath in crypto markets. 

The fund is down 71% through the end of September and it charges a 3% management fee with a 30% performance fee. 

Pantera is one of the oldest investment firms in the crypto industry, having been founded in 2013. The early-stage token fund launched in 2017 with a strategy that provides investors exposure to tokens with liquidity horizons of one to three years, according to the document.