Cryptocurrency investment firm Hypersphere recently announced the launch of a new fund called Atlas, which has $130 million in assets under management (AUM). The fund aims to employ Wall Street-style strategies to generate returns from various crypto assets.
Atlas was initially introduced in stealth mode in January and was funded from Hypersphere’s balance sheet. The team behind the fund includes professionals with backgrounds from prominent financial institutions such as high-frequency trading firm Millennium and hedge fund Bridgewater.
Hypersphere’s approach with the Atlas fund involves utilizing a multimanager strategy similar to that of Millennium and Bridgewater. This strategy aims to provide investors with access to niche trading strategies while maintaining low volatility in the cryptocurrency market.
One of the key features of the Atlas fund is its open-ended liquid structure, which allows investors to enter and exit positions quickly, enhancing liquidity and flexibility in managing investments.
Jack Platts, the founder of Hypersphere, described Atlas as a dual opportunity for investors. The fund offers a diversified portfolio of trading strategies while also seeking out compelling opportunities within the crypto market. The goal is to combine these elements to create a product that benefits from the growth of the crypto asset class while minimizing volatility and providing stable returns.
In an interview, Platts emphasized the importance of leveraging the expertise of the team and the unique approach of the fund to navigate the dynamic cryptocurrency landscape and deliver value to investors.