Pantera Capital made a big comeback in April, thanks to a boom in the crypto markets. Still, a number of small passive index fund beat the $1 billion fund manager. Pantera Capital, one of the largest cryptocurrency hedge funds, made a big comeback in April, according to documents reviewed by Business Insider. The firm's Digital Asset Fund gained 46.2% in April, riding a bullish surge across the market for digital currencies. That's a big turn around for the fund, which was down 45.7% in March, according to documents. In March, the crypto market shed almost 50% of its value.