what's LM5 Capital?

LM5 Capital is an Amsterdam-based hedge fund established in 2022, specializing in delta-neutral strategies for digital assets. The firm manages open-end funds such as the Gemini Fund, which employs market-neutral approaches to generate consistent yields through DeFi protocols, funding rate arbitrage on perpetual futures, liquidity provisioning, crypto bonds, and carry trades on platforms like Deribit and Kraken. These strategies aim to deliver returns independent of directional market exposure while prioritizing capital preservation and risk management via automated trading systems. Led by founding partners Tom Kral (COO), Robin Zijsling (CIO), and Roche Sulleij (CRO) with over 20 years of combined crypto trading experience, LM5 Capital targets institutional and accredited investors including family offices and high-net-worth individuals. The fund focuses on exploiting inefficiencies in volatile crypto markets, such as elevated funding rates and on-chain opportunities, and maintains transparency through regular performance updates and participation in industry events like Consensus.