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Alpha EV

Overview

Alpha EV is a hedge fund business active in crypto-asset trading. Stanford’s speaker biography describes statistical arbitrage and exposure strategies and identifies Eric Chang as a co-founding partner. Its investment adviser, Alpha EV, LLC, lists Towson, Maryland, as its principal place of business in its public filing.⁠[1][2]

Contents12 sections
Key facts

Management Appointments Recorded

Alpha EV, LLC’s 2026 Form ADV dates Taylor Godwin’s role as managing member, Eric Chang’s role as principal, and Darren Ross’s roles as principal and chief operating officer to December 2021. These are appointment dates reported in the filing; the fund’s launch is separately reported as occurring in 2022.⁠[2][3]

Fund Launch

Bloomberg reported in 2026 that Taylor Godwin launched the Alpha EV fund in 2022. The account described an initial environment with numerous crypto arbitrage opportunities, followed by institutional competition that compressed some basis-trading and stablecoin-lending returns.⁠[3]

SEC Exempt-Reporting Status Takes Effect

The SEC’s IAPD page lists Alpha EV, LLC’s federal exempt-reporting status as effective May 31, 2022, and its Maryland status as effective June 22. Its CRD number is 321970 and SEC file number is 802-125997. An exempt reporting adviser files reports but is not an SEC-registered investment adviser; the filing does not constitute regulatory endorsement.⁠[4]

Stanford Digital-Asset Trading Lecture Listing

Stanford’s Advanced Financial Technologies Laboratory listed Eric Chang as a speaker for a digital-asset trading session on this date. His assigned topics covered the differences and risks in adapting statistical arbitrage from equities to digital assets and lessons in scaling a fund. Fellow speaker Danning Sui of Pantera Capital was listed to discuss block building and MEV markets.⁠[1]

Files Annual Form ADV Amendment

The annual amendment reported $36,817,037 in private fund assets. It identified Alpha EV Fund LP as a Delaware-organized hedge fund and a feeder investing in Alpha EV Master Fund, LP. The reported amount is not the firm’s valuation, cumulative fundraising or a live October 2026 asset figure.⁠[2]

Commodity Relative-Value Trades Reported

Bloomberg reported that Alpha EV had extended relative-value trading to commodity contracts on blockchain platforms, citing a Hyperliquid position short silver and long copper. Godwin said such trades had used less than 5% of capital over the preceding two months, with any expansion dependent on opportunities. The reported 20–30% return was annualized for the cited trade, not an actual one-week return or the fund’s overall performance.⁠[3]

Named Among Umia Auction Funds

UmiaUmiaUmia is an onchain launch and governance platform incubated by Chainbound, combining token auctions, legal structures, treasuries and decision markets.Open the full entry named Alpha EV among funds participating in its UMIA token auction and said institutions bid on the same terms as other participants, without discounts. The sale took place from August 26 to September 2. Umia summarized proceeds as $6 million, while The Block reported $6.11 million; these were aggregate totals, with no individual Alpha EV contribution disclosed.⁠[5][6]

Adviser and Fund Structure

The public filing identifies Alpha EV, LLC as a Delaware limited liability company and Alpha EV GP, LLC as general partner of Alpha EV Fund LP. The adviser, general partner, feeder fund and master fund serve different functions and are not interchangeable names for a single legal entity.⁠[2]

Team and Strategy

Public Filing and Related Project

Sources

  1. DeFi Trading Landscape: Statistical Arbitrage, MEV, and Block Building (opens in a new window)
  2. Alpha EV, LLC — Form ADV annual amendment (opens in a new window)
  3. Hedge funds de cripto migram para petróleo e ouro em plataformas 24/7 (opens in a new window)
  4. Alpha EV, LLC — Investment Adviser Firm Summary (opens in a new window)
  5. Umia Raises $6 Million to Build the Onchain Formation Platform for Token-Native Projects (opens in a new window)
  6. Umia raises $6.1 million at $18 million FDV to help crypto projects launch tokens (opens in a new window)