For everyone thinking of running a crypto hedge fund, here's a list of things investors care about:

Transparency - how do I know you are not running a ponzi scheme?

Peace of mind - how do I know you are not going to accidentally lose the private key and send LP an "sorry we accidentally lost all our coins" letter

Moral Hazard - how do I know you are not going to take irrational risks for the hope of higher return? Afterall, the fund manager share the profit but not the losses

Clear, Explainable source of alpha - "Long and Short Sell" is not a strategy, but a parameter of the fund. How do you explain from first principle that your trading strategy is better than me just buying and holding a basket of stable coins?