A crypto hedge fund co-founded by a former Nasdaq strategist is raising $100M
Alpha Sigma Capital, a crypto and blockchain hedge fund co-founded by former managing director of technique at Nasdaq Global Corporate Solutions Enzo Villani, is raising $100 million.
Announcing the information on Wednesday, Villani mentioned the fund was formally launched in early January, with a give attention to investing in crypto and blockchain firms.
“As a hedge fund, we have the flexibility to invest in tokens, debt, equities, and derivatives which allows our investors downside protection while focused on above-market returns,” mentioned Villani.
Andy Cheung, former COO of OKEx and now government chairman of crypto derivatives trade ACDX, is one of many advisors for Alpha Sigma Capital. Cheung informed The Block that “as extra uncertainties encompass 2020, we want extra revolutionary merchandise, extra number of belongings to assist buyers steer by means of the cloud.”
Alpha Sigma Capital’s present investments embrace blockchain protocol Factom, decentralized synthetic intelligence (AI) platform SingularityNet, and Korean blockchain startup Carry Protocol, amongst others.
“We don’t have a crystal ball but what we do have is the proven progress our portfolio [companies] are making. They are proving their revenue models, executing on their token economics and delivering real-world value,” mentioned Mike Onghai, co-founder and accomplice at Alpha Sigma Capital.