Ex-Nasdaq Strategist’s Crypto Hedge Fund to Raise $100 Million

Alpha Sigma Capital, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term and crypto hedge fund managed by former Nasdaq strategist Enzo Villani, is raising $100 million.

Announced on Wednesday, the hedge fund was launched in January by Villani along with Michael Onghai. Both of them spent years in the traditional financial industry and have extensive knowledge of private equity, public equities, and portfolio management.

The hedge fund approaches the digital asset market with a multi-strategy manner and invests in tokens, Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, equities, and derivatives, along with private investments. It primarily focuses on firms that launched digital assets that have met or surpassed their roadmaps and expectations and require next stage capital to fuel growth.

Growing institutional demand for crypto

It allows institutional investors to invest in digital assets via a professionally structured fund that deems liquidity as key investment criteria, the announcement detailed.

Commenting on the approach to the market for funds, Villani, chief executive of the fund, said: “Alpha Sigma Capital was created to invest in promising projects as we enter the adoption phase of blockchains and digital assets. 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.”

The press release also detailed that, to date, the fund has invested in blockchain protocol Factom, decentralized artificial intelligence (AI) platform SingularityNet, and Korean blockchain startup Carry Protocol, along with a few others.

Though the demand for crypto hedge funds is rising again, Bloomberg last year reported that 70 such funds shut in 2019 alone.

“We don’t have a crystal ball but what we do have is the proven progress our portfolio are making. They are proving their revenue models, executing on their token economics and delivering real-world value,” Onghai added,