DNA Asset Management
We provide high-conviction, research-driven strategies to investors in the digital asset market.
Why Invest With DNA Asset Management?
The explosion in the crypto asset class has created many attractive investment opportunities, spanning hundreds of exchanges and tens of thousands of different tokens.
The DNA Asset Management team has nearly 30 years experience, investing across the entire capital stack of digital asset markets, while navigating two markets cycles together as a team.
The DNA Advantage:
The broader DNA Holdings business provides market insights, connections through events and preferable deal-flow which equates to quantifiable advantages as an allocator of capital.
Team Members
Thomas McLaughlin
Chief Investment Officer
One of the industry’s foremost leaders in liquid crypto markets, with experience trading and investing in digital assets since 2016.
Chase Mayeux
Chief Operating Officer
Operations professional with over fifteen years of experience, Chase Mayeux brings expertise from dynamic startups and leading Fortune 500 companies. Prior to joining DNA, he served as Investment Relations Officer at OnChain Alpha and Chief Operating Officer at Coral Capital. He holds a dual degree in Marketing and Management from Texas Tech University’s Rawls College of Business.
JR Pasch
Head of Quantitative Research & Portfolio Manager
JR served as a 61A research analyst in the United States Air Force, and his 9+ years of military service have bolstered his education on modeling, machine learning, and simulation.
Josh Krugger
Head of Trading & Portfolio Manager
Directs multi-strategy liquid token portfolio integrating systematic regime models, discretionary thematic allocations, and market-neutral positioning.
- Partner & Head of Trading, Coral Capital (2022); $100M+ AUM across DeFi market neutral and venture strategies; acquired by DNA in 2024.
- Lead Architect, Tokenomics & Game Theory, Tea Protocol (2023); protocol incentive design alongside Max Howell, optimizing decentralized open-source contribution networks.
Justin Vlahos
Portfolio Manager
Manages the multi-strategy liquid token portfolio that integrates systematic regime-based modeling with tactical positioning to optimize risk-adjusted returns. He brings over five years of experience in digital asset markets, with deep expertise in derivatives trading—specifically perpetual futures and options—used to calibrate portfolio beta and implement robust risk management frameworks.
DNA Asset Management Funds
DNA Offers a variety of investment vehicles tailored to investor risk appetites and exposure needs designed to advantage of opportunities within the crypto asset class.
DNA High-Yield
- Market-neutral fund vehicle that capitalizes on the premium paid to borrow dollar-denominated tokens (Stablecoins) by lending tokens to traders who pay interest to borrow.
- Generates yield in the form of US Dollars with a target to outperform US Treasuries by a significant margin on a risk-adjusted basis.
The Crypto Asset Class Has Shown Significant Growth
Despite significant volatility and an ever-changing global regulatory landscape toward the asset class, crypto continues to push higher; signaling a broader acceptance from both retail investors and institutional allocators.
2020
$0.9 Trillion
2021
$2.5 Trillion
2022
$0.8 Trillion
2023
$1.8 Trillion
2024
$3.9 Trillion
Source: Total 3 Markter Capitalization from Tradingview
Performance Since Inception of DNA AM
Return metrics for DNA Liquid funds vs popular benchmarks since February 2021.
| Annualized Return | Maximum Drawdown | |
|---|---|---|
| 90 Day T-Bills | 2.78% | n/a |
| S&P US Bond Index | (1.21%) | (15.00%) |
| DNA High-Yield Fund | 12.37% | (1.28%) |
| S&P500 | 14.10% | (27.54%) |
| FAANG | 14.25% | (31.79%) |
| DNA Liquid Token Fund | 19.04% | (15.83%) |
| Annualized Return | Max Drawdown | |
|---|---|---|
| 90 Day T-Bills | 2.78% | n/a |
| S&P US Bond Index | (1.21%) | (15.00%) |
| DNA High-Yield Fund | 12.37% | (1.28%) |
| S&P500 | 14.10% | (27.54%) |
| FAANG | 14.25% | (31.79%) |
| DNA Liquid Token Fund | 19.04% | (15.83%) |
Case Studies
Event-Driven Investing
The DNA AM team determined that the election would mark pivotal turning point for the industry and asset prices...
Downside Protection
The DNA AM team has shown the ability to navigate through prolonged crypto bear markets and industry credit bubbles...
Perpetual Futures Mechanics
Funding rate is the payment made between traders to ensure the price of perpetual futures contracts stay in line with the price...
Systematic Beta Targeting
The Systematic Beta-Targeting framework is informed by a proprietary macro regime nowcasting model. Each regime reflects a distinct market environment, and we calibrate our exposure...