The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Syz Capital
Syz Capital, the $2 billion alternatives investment arm of the family-owned Syz Group, is to reopen its bitcoin-denominated fund of crypto hedge funds to new and existing investors from 1 October.

The BTC Alpha Fund launched in March 2025, was closed after just one month to external capital because of heavy investor demand, Syz Capital said in a statement yesterday.

After expanding liquidity across its selected manager pool, Syz Capital has unlocked new capacity of 2,000 BTC (bitcoin). It has already secured approximately 1,800 BTC in commitments from investors including family offices, multi-family offices, HNWIs, corporate treasuries, and crypto-native foundations. 

“We’re seeing sustained and growing institutional appetite for bitcoin-denominated strategies,” Richard Byworth, managing partner at Syz Capital, said. “This reopening is a direct response to that momentum.”

The BTC Alpha Fund delivers exposure to a globally diversified portfolio of crypto hedge funds, targeting opportunities in volatility trading, arbitrage, DeFi (decentralised finance) liquidity provision, and market-making inefficiencies, with the goal of delivering consistent, uncorrelated returns. 

The fund targets high single-digit annual returns with quarterly liquidity. There are no management fees on the fund; it levies performance-based compensation.