Bitwise Bolsters Crypto Alpha Strategies with Key Hires, Signaling "Alpha Season" Ahead

San Francisco, CA – Bitwise Asset Management, a leading global crypto asset manager, has significantly strengthened its Alpha and Private Solutions teams with the appointment of Gordon Grant and Jonathan Man to key portfolio management roles. The move, highlighted by Jeff Park, Portfolio Manager and Head of the Bitwise Multi-Strategy Alpha Fund, underscores the firm's commitment to delivering enhanced returns in the digital asset space. Park stated in a recent social media post, "Bitwise Alpha has never been more formidable or more prepared for the opportunity ahead."

Gordon Grant joins Bitwise as Portfolio Manager, Head of Derivatives, bringing extensive experience in crypto derivatives. Jonathan Man has been appointed Portfolio Manager, Multi-Strategy Solutions, with a background in multi-manager crypto strategies. Their arrival is expected to bolster Bitwise's offerings, which already include income generation through options overlays, custom digital asset treasury management, and on-chain strategies. Bitwise CEO Hunter Horsley emphasized that these hires will help "push the boundaries of what active management in crypto can achieve."

The term "crypto alpha season" generally refers to a period where actively managed cryptocurrency strategies or smaller altcoins significantly outperform the broader market, particularly Bitcoin and Ethereum. This often occurs when market participants seek outsized returns beyond the major cryptocurrencies, driven by innovation or specific market narratives. Jeff Park's declaration of "Alpha season confirmed" suggests an optimistic outlook for such active strategies.

Bitwise Asset Management, with over $15 billion in client assets and a seven-year track record, offers a diverse suite of over 30 crypto investment products. The firm's Multi-Strategy Alpha Fund, managed by Park, previously delivered an 18.8% return in 2023, showcasing the potential of actively managed crypto strategies. The strategic expansion of its alpha team positions Bitwise to capitalize on emerging opportunities in the evolving crypto market.