Cryptocurrency investment firm Hypersphere has unveiled a novel fund with $130 million in assets under management (AUM), leveraging Wall Street-style stratagems to yield returns from crypto assets.

Strategic Launch and Elite Team

The Atlas fund, inaugurated surreptitiously in January, was financed from Hypersphere’s own balance sheet. This venture is helmed by veterans from the high-frequency trading powerhouse Millennium and the esteemed hedge fund Bridgewater, as disclosed in an emailed statement on Wednesday.

Multimanager Approach and Investor Flexibility

Hypersphere plans to employ the multimanager technique synonymous with Millennium and Bridgewater, aiming to furnish investors with esoteric trading strategies while mitigating volatility. The Atlas fund’s open-ended liquid structure enables investors to seamlessly enter and exit positions, ensuring fluidity and accessibility.

Dual Investment Strategy

Jack Platts, the founder of Hypersphere, characterized Atlas as embodying “two wagers in one:” The first component offers a diverse array of trading methodologies, while the second seeks out compelling prospects within the cryptocurrency markets.

“Our aspiration is that the synergistic effect of these elements will allow us to craft a product that benefits from the burgeoning crypto asset class while concurrently minimizing volatility through enhanced liquidity, ultimately delivering steady, stable returns,” Platts articulated in an interview.