Key Takeaways
- • RockawayX, the Prague-based digital-asset investment firm overseeing about $2bn, is targeting $150m for a new liquid strategies hedge fund, according to Forbes.
- • The launch follows RockawayX's acquisition of crypto hedge fund Relayer Capital, with Relayer founder Austin Barack staying on to manage the new strategy.
- • The fund will focus on what the firm sees as mispriced or undervalued tokens, alongside cryptocurrency-linked equities.
- • The move extends RockawayX beyond its venture investing roots as crypto markets regain momentum.
Summary
RockawayX, a Prague-based digital-asset investment firm managing about $2bn, is seeking $150m for a new liquid strategies hedge fund, according to a report by Forbes. The vehicle marks an expansion beyond the firm's venture investing into cryptocurrencies and crypto-related equities.
The launch follows RockawayX's acquisition of crypto hedge fund Relayer Capital, according to people familiar with the plans. Relayer founder Austin Barack, previously a partner at crypto investment firm CoinFund, is staying on at RockawayX and will manage the new strategy.
Per the sources cited by Forbes, the fund is expected to focus on tokens the firm views as mispriced or undervalued, alongside equities linked to the crypto industry. The timing coincides with a recovery in the crypto market, where bitcoin, ether and solana each rose more than 20% over the past week.
The report does not specify a target close date, fee structure, or minimum investment size for the vehicle.
The launch follows RockawayX's acquisition of crypto hedge fund Relayer Capital, according to people familiar with the plans. Relayer founder Austin Barack, previously a partner at crypto investment firm CoinFund, is staying on at RockawayX and will manage the new strategy.
Per the sources cited by Forbes, the fund is expected to focus on tokens the firm views as mispriced or undervalued, alongside equities linked to the crypto industry. The timing coincides with a recovery in the crypto market, where bitcoin, ether and solana each rose more than 20% over the past week.
The report does not specify a target close date, fee structure, or minimum investment size for the vehicle.
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