For allocators

The post-FTX trust deficit has a name: unverified track records.

Crypto asset management is now a $400B+ category with 400+ hedge funds and 55% of traditional hedge funds holding digital assets. The infrastructure for credible institutional allocation hasn't caught up. Assay is independent, GIPS-aligned, and built specifically for the asset class. The Manager Universe is the result.

A live preview of the Manager Universe.

Each row shows manager performance computed by Assay; the muted row directly beneath shows the manager's locked-in benchmark over the same horizons.

Illustrative — pre-launch sample data, not actual manager performance.

Manager	Strategy	1Y	3Y	5Y	10Y	Sharpe (3Y)	Max DD	Med. Liquidity	AUM
Tessellate MarketsAccount-VerifiedInc. 2022-03 · Switzerland	Cross-DEX arbitrage	+26.5%	+41.5%	—	—	2.04	-6.8%	$14.0M	$31.0M
↳ Ether (ETH)	Benchmark	+27.8%	-36.2%	—	—
Polestar Multi-StrategyAssay-VerifiedInc. 2019-03 · Cayman Islands	Multi-strategy	-5.7%	+33.9%	+20.7%	—	0.99	-31.0%	$720M	$348M
↳ MarketVector Digital Assets 100	Benchmark	+68.0%	+77.1%	+88.8%	—
Basis Trade AdvisorsAssay-VerifiedInc. 2021-01 · Singapore	Perpetual funding-rate basis	+20.2%	+18.1%	+22.5%	—	1.27	-3.7%	$1.2B	$215M
↳ Funding rate composite	Benchmark	-5.7%	-10.7%	-8.2%	—
Vector Cross-ChainAccount-VerifiedInc. 2021-12 · Singapore	Cross-DEX arbitrage	+30.6%	+17.7%	—	—	0.61	-18.0%	$18.0M	$22.0M
↳ Ether (ETH)	Benchmark	-11.6%	-0.7%	—	—
Catamaran HoldingsAssay-VerifiedInc. 2019-06 · Cayman Islands	Multi-strategy	+4.6%	+13.8%	-7.6%	—	0.43	-61.8%	$850M	$412M
↳ 50% BTC / 50% ETH (monthly rebal)	Benchmark	+172%	+34.9%	+5.5%	—
Orthogonal CapitalAssay-VerifiedInc. 2020-04 · Cayman Islands	Market-neutral arbitrage	+11.2%	+13.7%	+14.8%	—	1.50	-3.4%	$480M	$184M
↳ T-Bill 3M (USD)	Benchmark	-13.4%	-13.0%	-13.0%	—
Redbridge Market MakingAccount-VerifiedInc. 2021-10 · BVI	Market-making	+6.9%	+13.6%	—	—	0.85	-6.9%	$95.0M	$64.0M
↳ T-Bill 3M (USD)	Benchmark	+3.2%	-7.6%	—	—
Ironwood PerpetualAccount-VerifiedInc. 2022-06 · BVI	Perpetual funding-rate basis	+19.3%	+13.4%	—	—	1.18	-4.3%	$880M	$38.0M
↳ Funding rate composite	Benchmark	-8.6%	-6.8%	—	—

View full Manager Universe

Benchmark library.

Every manager picks a benchmark at engagement scoping. The benchmark is locked, timestamped, and published — visible to allocators in the verification report.

Benchmark	Category
Bitcoin (BTC)	Beta
Ether (ETH)	Beta
Bitwise 10 Large-Cap (BITW)	Beta
CoinDesk 20 Index (CD20)	Beta
MarketVector Digital Assets 100	Beta
DeFi Pulse Index (DPI)	Sector
Coinbase 50	Beta
Bitwise Crypto Industry Innovators (BITQ)	Sector
T-Bill 3M (USD)	Risk-free
AAVE USDC supply rate	Strategy
Funding rate composite	Strategy
Custom blends, locked at engagement	Composite

Apples-to-apples comparison

One methodology layer across the entire universe — TWR per GIPS, locked benchmarks, composite construction.

No conflicts of interest

Assay holds no equity in verified managers, no positions in their tokens, and earns no compensation beyond verification fees.

LP data room