📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
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1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
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Feynman Point Asset Management launched a $300 million Crypto Assets Hedging Fund.
PANews October 21 news, according to Forbes, former partner of Steven Tananbaum's GoldenTree Asset Management, Joe Naggar, is launching an independent hedge fund with a management scale of $300 million, marking the formal spin-off of his team from the cryptocurrency-focused investment firm Republic. Now, Naggar and his team (previously operated under the name Republic Digital) are operating independently under the name Feynman Point Asset Management, which focuses on the digital asset market and cutting-edge technology. Despite experiencing multiple transformations, the fund's performance remains outstanding. According to Feynman Point Asset Management, since its establishment in 2022, supporters including the Swiss fund L1D with a scale of 600 million USD and the New York Blockchain Investment Group have achieved an annualized net return rate of over 42%. Successful trades include: purchasing Grayscale Bitcoin Trust (GBTC) at a discount of 40% below the underlying asset, early investments in the high-performing decentralized exchange Hyperliquid, and equity investment in Ripple.