Hypersphere Ventures has opened its $130 million liquidity fund to outside investors, CoinVoice has learned, which will use Wall Street-style strategies to generate returns from crypto assets.
The fund’s staff comes from high-frequency trading firm Millennium and hedge fund Bridgewater. Hypersphere intends to adopt the multi-manager approach used by Millennium and Bridgewater to provide investors with niche trading strategies while maintaining low volatility.
In addition, Hypersphere will also raise a new venture fund to invest in early-stage crypto projects. The company plans to raise $75 million for the venture capital fund, and financing will begin in the fall. [Original link]
