logo
Achieving over $200 million in AUM, JZL Capital becomes top tier quantitative managers in Asia in 2024

Achieving over $200 million in AUM, JZL Capital becomes top tier quantitative managers in Asia in 2024

04/30/2025, Hong Kong, Hong kong // PRODIGY: Feature Story //
JZL Capital, established in Hong Kong in 2021, is one of the fastest-growing asset managers in its field. Starting with a modest test of several hundred thousand dollars in proprietary funds, JZL has rapidly expanded. By the 2023–2024 fiscal years, it achieved a managed scale exceeding 200 million US Dollars, serving over 10 renowned institutions and exchanges in the industry and numerous high net individuals. In 2023, it was shortlisted as one of the best asset managers in China by FOW Asia Pacific Awards and is very likely to be shortlisted in 2024 as well.
The firm's growth has been remarkable. In the year leading up to August 2024, JZL Capital generated over $20 million in profits for its clients, achieving an annualized return of over 40% in USDT denominated funds and over 20% in BTC denominated funds. JZL also plays a role as a liquidity provider in most major exchanges and has participated in market maker programs. The daily turnover rate can reach as high as 700 times, providing abundant liquidity in both maker and taker markets.
The founder, who has served as CEO of numbers of Hong Kong listed companies, possesses extensive experience in finance and asset management. The rest of the team comprises members from top institutions, including the University of Chicago, CMU, Rice University, and also includes individuals who served in well-known tech companies. The core team has been working together for over 6 years, ensuring undeniable stability.
Looking forward to 2025, JZL plans to introduce a broader range of strategy types and trading categories, from CTA to Long-Short strategies, covering commodities as well as options and futures tradings and the anticipated managing scale is expected to reach 500 million US Dollars. In the realm of digital currency quantitative trading, JZL Capital has swiftly become an undeniable presence and an industry benchmark.
Company: JZL Technology Limited
Contact Person: Jason Huang
Web: https://www.jzlcapital.xyz/
Email: [email protected]
City: Hong Kong

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GameStop earnings, small business optimism: What to Watch
GameStop earnings, small business optimism: What to Watch

Yahoo

time5 hours ago

  • Yahoo

GameStop earnings, small business optimism: What to Watch

Market Domination Overtime hosts Josh Lipton and Julie Hyman take a look at the top stories to watch on Tuesday, June 10. More earnings reports will be released tomorrow, including from Dave & Buster's (PLAY) and GameStop (GME). GameStop will report its first quarter results after the bell, coming as the company expands into crypto with more than 4,700 bitcoin (BTC-USD) added to its balance sheet. The NFIB Small Business Optimism Index for the month of May will be released in the morning. Economists expect the number to hold steady from April at 95.8. Apple's (AAPL) Worldwide Developers Conference (WWDC) will continue into day two in Cupertino, California. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio

Jim Cramer says Circle Internet stock is 'too hot' to buy up here
Jim Cramer says Circle Internet stock is 'too hot' to buy up here

CNBC

time5 hours ago

  • CNBC

Jim Cramer says Circle Internet stock is 'too hot' to buy up here

CNBC's Jim Cramer on Monday examined Circle Internet, a stablecoin issuer that made a splash during its market debut last week, saying he'd wait to buy the stock until it has retreated from recent highs. "Circle Internet Group's a solid company, but the stock, right now, has gotten too hot for me. I can't recommend it up here," he said. "Why don't you let it cool off before you even think about pulling the trigger." Circle Internet founded USDC, a dollar-pegged stablecoin meant to act as fiat money on the internet. USDC is the second-largest stablecoin on the market behind Tether's USDT. The stock opened at $69 last Thursday after being priced at $31, and shares soared 168% during the session. Cramer likened stablecoins to casino chips in the crypto currency space, explaining that they can be used to buy other cyrpto currencies like Bitcoin and Ethereum, but retain their value. According to Cramer, Circle Internet's stablecoin business is more transparent than that of Tether, saying it's unclear what the latter is doing with its reserves. USDC, however, is backed by genuine reserves of fiat currency, with Cramer calling it "a more sanitized, less-sketchy version of the stablecoin concept." He was also impressed with Circle Internet's financials, saying it seems business is good and USDC is popular. But it's hard to justify buying shares when the company's valuation has swelled dramatically, from $5.5 billion to around $25 billion in a matter of weeks, Cramer said. Plus, he continued, the company is still linked to the ever-volatile crypto ecosystem, telling investors they'll "get a better buying opportunity simply by being patient." Cramer warned that the IPO market in general is "starting to get a little crazy here," pointing to CoreWeave, an artificial intelligence infrastructure outfit that went public in March. The Nvidia-backed company was the biggest tech IPO in the U.S. since 2021, and it closed flat at $40 after its first day of trading. But now the stock trades at about $162, which Cramer said he finds to be a little extreme. "This is the type of action that gets people hurt, so I need you to be a little careful." Circle Internet and Tether did not immediately respond to request for comment. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest

Ionic Digital Announces May 2025 Mining and Operations Update
Ionic Digital Announces May 2025 Mining and Operations Update

Business Wire

time7 hours ago

  • Business Wire

Ionic Digital Announces May 2025 Mining and Operations Update

AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital Inc. ('Ionic' or the 'Company'), a digital infrastructure and cryptocurrency mining company, today issued its unaudited Mining and Operations Update for May 2025. For the month of May, Ionic mined 132.90 Bitcoin ('BTC') after hosting fees of 1.07 BTC, operating at a Daily Average Hash Rate of 8.24 (EH/s), and achieving an Efficiency of 30.4 (J/THs). Despite a 1.64% decrease in BTC production from April, stemming from a rise in network difficulty, partially offset by an extra operating day in the period, Ionic has continued to enhance its operational performance – reflecting the Company's focus on optimizing fleet efficiency and uptime. Consistent with the Company's commitment to diligent cash and risk management, Ionic continues to maintain its zero-debt position and advance its HODL strategy, while strategically monetizing a portion of its mined BTC to maintain a robust liquidity position. The Company sold 97 BTC at an average price of $101,207 per coin, generating net proceeds of $9,817,079, and held 2,520.2 BTC on its balance sheet as of May 31, 2025, an increase of 1.44% over the prior month. For our owned sites, the average cost of electricity for the trailing 6-month period ended April 30, 2025, was 3.79 cents per kWh without curtailment credits, and 3.14 cents per kWh with the curtailment credits factored in. Within that total, Cedarvale's trailing six-month average ended April 30, 2025, was 3.59 cents per kWh without curtailment credits and 2.94 cents per kWh with the curtailment credits factored in. Looking ahead, the Company remains focused on advancing its 2025 strategic initiatives with momentum with the goal of providing value maximizing liquidity solutions for stockholders. Ionic intends to keep stockholders updated regarding its exploration of stockholder liquidity solutions, pursuant to applicable securities law. Certain filings may be required to be confidential at the outset. The Company, along with its independent auditor BDO, is finalizing its FY 2024 audit. The Company intends on releasing earnings as follows with the goal of adopting a public company earnings release schedule: Financial Year Ending December 31, 2024 Week of June 23, 2025 Q1 Ending March 31, 2025 Week of July 15, 2025 Q2 Ending June 30, 2025 Week of August 18, 2025 Q3 Ending September 30, 2025 Week of November 17, 2025 Expand Key Mining and Operating Metrics Summary 1 Metric May 2025 Capacity (MWs) 2 413 BTC Mined 3 132.90 Average BTC Mined /Day 4 4.29 Daily Average Hash Rate (EH/s) 5 8.24 Efficiency (J/THs) 6 30.4 BTC Sold 7 97 Total BTC Holdings 8 2,520.2 Expand Mining and Operating Metrics Summary: The key metrics disclosed in the mining and operating metrics summary are unaudited Capacity: Total capacity at hosted and directly owned sites as of May 31, 2025 BTC Mined: After hosting fees of 1.07 BTC Average BTC Mined/Day: Average BTC/Day in prior month was 4.51 Daily Average Hash Rate: The reported Hash Rate is derived from internal performance data. Hash Rate values reflect miner downtime and voluntary curtailment Efficiency: Represents the capabilities of 119,049 active miners during the reporting period BTC Sold: For an average net price of $101,207 per BTC Total BTC Holdings: At the end of prior month was 2,484.3 BTC About Ionic Digital Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across the United States and more than 110,000 active miners, Ionic expects to drive the next generation of energy efficient, low-cost computing through sustainable Bitcoin mining. For more information, visit and follow us on X at @IonicDigital.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store