Galaxy Digital's new $100 million hedge fund
Search documents
Billionaire hedge fund manager bets big on new crypto fund
Yahoo Finance· 2026-01-21 20:00
U.S. billionaire and former hedge fund manager, Mike Novogratz, is going all in on a new crypto fund. His digital asset investment firm, Galaxy Digital (NASDAQ: GLXY), is set to launch a $100 million hedge fund in the first quarter of this year, targeting opportunities in the volatile digital assets market. The firm, which manages roughly $17 billion in digital assets, said the fund will take both long and short positions, aiming to profit from market swings rather than relying solely on price appreciat ...