Other industry highlights:

• Hunting Hill Anchors Nexyst Multi-Manager Platform

• Quantamental Fund Expands Team to Five — Looks to Raise an Additional $50M in AUM by EOY

…but first let’s raise a glass to this month’s sponsor 🥂

^{🗞 Allocator Developments 🗞}

Asset Manager Launches GP Stakes Fund — ParaFi Capital, a +$1B alternatives asset manager, has just raised a $120M fund to acquire GP stakes in crypto funds. The firm plans to put together a portfolio of as many as 50 GP stakes over the next three to five years. Investors in the fund include Theta Capital Management and Accolade Partners.

Allocators Hungry for Market Neutral Strats — ShareWell, a private portfolio management company, is seeking to allocate to BTC, ETH & SOL market neutral strategies with an annualized Sharpe ratio > 2 and annualized net returns > 25%, while DigOpp, a crypto multi-manager, is looking to invest in market neutral strategies with at least a one year track record.

Crypto Investor Joins top Networking Community — Maja Vujinovic, Managing Partner of OGroupLLC, joins the ON_Discourse network, a global network of technology, business and innovation leaders, investors and entrepreneurs. OGroup is an activist operating partner in crypto and AI, which has invested in over 45 companies and funds, partnering with $4B in family offices for investment guidance and technical solutions.

FO Acquires GP Stake in Crypto Advisor — Dr. Giesen Family Office has acquired a GP stake in 21 Oaks Capital, has an investment advisory firm specializing in Blockchain Technology. The Dr. Giesen Family Office is a single family office that was founded as a multi-family office in the early 1970s. The FO invests in Real estate, start ups, securities & funds and modern art.

Crypto FoF Veteran Heads FO Conference — Ian Morley, Chairman of Wentworth Hall Family Office and Chairman of the first quantitive FoF in the world to focus solely on quantitative strategies in crypto assets, Chair’s DC Finance's London Family Office Conference.

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🔥 What’s Hot in Crypto 🔥

Hunting Hill Anchors Nexyst Multi-Manager Platform

Nexyst Digital, a digital asset multi-manager platform has officially launched two quantitative funds, each focusing on different aspects of liquid crypto markets, according to someone familiar with the matter. Jon Campagna, Chief Operating Officer of Nexyst and a former Partner at CoinFund joins forces with Val Zhigulin, previously of Citadel’s High Frequency Trading Group and Dimitri Sogoloff from the Horton Point family office, forming a highly experienced senior management team.

Following over two and a half years of rigorous testing of over 100 strategies and managers, Nexyst has emerged from stealth mode, with a platform designed to deliver uncorrelated digital asset strategies that reduce volatility while capturing asymmetric returns. The goal: to help investors achieve consistent, compounding returns in the fast-evolving crypto space.

The two funds – one focusing on market-neutral strategies with low volatility and the other on short-term directional trading strategies debuted on September 1. Both funds are utilizing the extensive trading and risk management infrastructure developed by Nexyst over the years.

The market-neutral fund is anchored by Hunting Hill, an alternative investment manager specializing in market structure-related arbitrage strategies across traditional and digital assets. Both Nexyst funds also received investments and further commitments from a number of family offices.

The Nexyst funds offer USD and BTC share classes, enabling BTC holders – including miners and early adopters - to generate uncorrelated return on their BTC holdings.

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Quantamental Fund Expands Team to Five — Looks to Raise an Additional $50M in AUM by EOY

Triton Liquid Fund has expanded its team with three strategic hires, bringing the total team size to five as it gears up to raise an additional $50M in external capital by the end of the year. The fund, which launched in April 2024, was seeded with $30M by FJ Labs, a Tier-1VC firm.

John Stowers has joined Triton Liquid as Chief Technology Officer (CTO), bringing experience from developing decentralized exchange (DEX) and blockchain solutions at Yield App and co-founding Loopbio, a company specializing in quantitative biology tools. Luis Vernet steps in as Chief Operating Officer (COO), with a background in managing multi-asset portfolios valued at over $2B at JP Morgan, and business development experience at the crypto payments startup ZEBEDEE. Anne Salmela has been appointed Chief of Staff, after being a founding team member of Antler VC's $60M Middle East fund and supporting a Dubai-based family office with crypto research and portfolio management.

Triton Liquid Fund employs a quantamental investment strategy that combines fundamental research with proprietary data analysis (pulling real-time data, identifying key metrics per crypto vertical and allocating to under-valued projects). They invest in liquid small to mid-cap tokens and aim to provide institutional-grade exposure to the alternative tokens market.The firm typically holds around 30 investments in its portfolio, making decisions based on projects’ fundamental value and quantitative metrics within each vertical.

Notably, Triton Liquid Fund has been granted an In-Principal Approval for a crypto hedge fund license in Abu Dhabi’s ADGM. Thus far, Brevan Howard Digital, the $1.7B crypto asset manager, is the only other fund to go through this process.

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🍿 Blockchain Bytes 🍿

• Yuka O’Connor, Former Head of Institutional Sales of Hashnote, joins $7.3B AUM Coinshares to lead capital raising efforts (Yuka O’Connor)

• Coinshares kicks off Relative Value crypto equities fund launch (Lewis Fellas)

• MV Capital, a VC fund, and CV5 Capital, a multi-manager HF platform, have launched the MV Global Opportunity Fund to invest in liquid and semi-liquid digital assets, as well as SAFTs (CV5 Capital)

• Former Polychain Partner and CoinFund Head of Growth, launch $100M crypto fund to invest in infrastructure, blockchain, artificial intelligence (Al), and zero-knowledge (ZK) proof technology (WSJ)

• Capula Management, a $30B European HF, allocates $500M to Fidelity’s Wise Origin Bitcoin Trust (FBTC) and BlackRock’s iShares Bitcoin Trust ETFs (Tech Business News)

• Accolade Partners, a U.S.-based fund of funds, anchors Lemniscap’s third crypto fund, a $70M VC fund investing in ZK infrastructure, consumer applications, the Bitcoin ecosystem, security and decentralized physical infrastructure networks (The Block)

• SEC charges and settles with Galois Capital, a crypto hedge fund that lost $40M amid the FTX crisis (Decrypt)

• $50B AUM Grayscale Investments looking to bring on a PM specializing in passive/rules-based investment strategies (Greenhouse)

• Kraken, one of the largest US based crypto exchanges, seeds Hunting Hill Global Capital's crypto credit fund which will be available for investment later this year (Andrew Casey)

• Xapo Bank makes seed investment of $200M in Hunting Hill’s newly-established Bitcoin-denominated hedge fund to invest in institutional-grade structured credit arrangements (Morningstar)

• TrueBridge Capital Partners and Andreessen Horowitz back Robot Ventures fourth fund launch of $75M (Funderlyst)

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