RockawayX Seeks $150M for Crypto Hedge Fund Targeting Undervalued Tokens and Stocks
Odaily News: RockawayX, which manages about $2 billion in assets, is seeking to raise $150 million for a new liquid opportunities fund. RockawayX previously acquired crypto hedge fund Relayer Capital. Relayer Capital founder and former CoinFund partner Austin Barack will remain at RockawayX and manage the fund. The fund will focus on undervalued tokens and crypto-related stocks. Bitcoin, Ethereum, and Solana have each gained more than 20% over the past week. Meanwhile, crypto venture firms such as Paradigm and Framework Ventures are expanding into AI, robotics, and other sectors.
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