RockawayX seeks $150m for new crypto hedge fund
RockawayX, the Prague-based digital-asset investment firm overseeing about $2bn, is targeting $150m for a new liquid strategies hedge fund as it expands beyond venture investing into cryptocurrencies and crypto-related equities, according to a report by Forbes.
Prague-based digital-asset investment firm RockawayX, which oversees approximately $2 billion, is planning to launch a new liquid strategies hedge fund with a target capitalization of $150 million. The firm, which has recently acquired crypto hedge fund Relayer Capital, aims to expand its investment portfolio beyond venture investing into cryptocurrencies and crypto-related equities.
The newly acquired Relayer Capital founder, Austin Barack, who is a former partner at crypto investment firm CoinFund, will remain with RockawayX and manage the new strategy. The fund will concentrate on tokens that the firm perceives as mispriced or undervalued, as well as equities tied to the cryptocurrency industry. This expansion comes as the crypto market has recently shown signs of recovery, with major cryptocurrencies such as Bitcoin, Ether, and Solana experiencing gains of over 20% over the past week.
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