Most funds show you a single number and ask you to trust it. Our Tuatara Hedge Fund page does the opposite: it shows the whole machine, live, and lets every strategy inside it move in front of you in real time. This article is a map of what you're looking at.

What it is: a multi-strategy fund-of-funds

The Tuatara Hedge Fund is a multi-strategy fund-of-funds powered by the Tuatara vector engine. "Fund-of-funds" means it isn't one bet — it's a portfolio of separate strategy sleeves, each with its own thesis, its own holdings, and its own live index. The top-line fund return is those sleeves combined, weighted by how much capital sits long versus short.

That's the first thing to understand about the page: the headline figure is an aggregate. Underneath it, each sleeve reports its own return, and you can watch which ones are pulling the number up and which are dragging it down. Nothing is hidden inside a single opaque line.

The sleeves

The strategies fall into a few families, each with its own section on the page:

• M&A Ripple Fund — trades the ripple effects of mergers and acquisitions, following a deal's consequences out through the companies and assets it touches.
• FTA Fund — Cryptos and Stocks — two related sleeves built on the Tuatara vector engine's ranking, holding what scores best (and, on the short side, what scores worst).
• Thematic AIB funds — a set of managed, theme-driven sleeves: Biosciences, Molecular, Power, Data Centers, Robotics, AI Compute, Cybersecurity, Quantum, Defense, and Space. Each is a basket the vector engine assembles around a single theme.
• Community AIB funds — sleeves like Privacy, a DeFi Undercurrent short, Robinhood, and a Crypto Bull long, extending the same structure into community-led themes.

How the indexes are built

The strategy indexes on the page are price-weighted — the index tracks the summed prices of a sleeve's underlying holdings, so it moves as those holdings move. Each index chart shows daily closes over a rolling 30-day window, alongside the sleeve's return since inception.

Weights aren't guesswork. Where a sleeve is engine-driven, the Tuatara vector engine sets the weights, ranking candidates and sizing the basket around the theme. That's the same engine that powers our event cards and discovery tools — here it's pointed at building and rebalancing fund sleeves.

Long and short, side by side

The fund deploys capital on both sides of the market. The page reports the split — how much of the book is long versus short — and the top-line return is that long/short mix, weighted. A short sleeve like the DeFi Undercurrent is designed to profit when its basket falls, so it can carry the fund in exactly the conditions the long sleeves struggle in. Seeing the split makes the aggregate number legible: you can tell whether a move came from being right on direction, or from the balance between the two sides.

Why "updating in real time" is the point

The whole page is live. Indexes update as prices move; the since-inception returns re-compute; the aggregate re-weights. There is no monthly PDF, no snapshot frozen at quarter-end. This fits how we build everything at CyMetica — the same instinct that puts on-chain settlement behind our markets puts a live, inspectable index behind every fund sleeve. You don't take the performance on faith; you watch it.

That's also why this article doesn't quote a return figure. Any number printed here would be stale within minutes. For the real, current figures — the aggregate, every sleeve, and the 30-day index charts — go to the source.