Markets
Cryptocurrency investment firm Hypersphere introduces $130 million market-focused fund called Atlas
Cryptocurrency investment firm Hypersphere has unveiled a new fund with $130 million in assets under management (AUM) that will employ Wall Street-style strategies to generate returns from crypto assets.
The Atlas fund launched in stealth mode in January, funded by the balance sheet of Hypersphere. It is run by former employees of high-frequency trading firm Millennium and hedge fund Bridgewater, according to an emailed announcement Wednesday.
Hypersphere intends to use the multi-manager approach adopted by Millennium and Bridgwater to offer investors niche trading strategies while keeping volatility low.
Atlas also aims to enable investors to enter and exit quickly through its open-ended liquid fund structure.
Hypersphere founder Jack Platts described Atlas as “two bets in one”: the first is to offer a diverse set of trading strategies, the second is to find interesting opportunities in the cryptocurrency markets.
“Our hope is that the combined effect of these factors will allow us to create a product that allows us to have the advantage of operating in the cryptocurrency space, participating in the growth of the asset class and minimizing volatility through improved liquidity and providing consistent and stable returns,” Platts said in an interview.