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RockawayX targets $150m for a new liquid strategies crypto hedge fund

The firm plans to launch the vehicle after acquiring crypto hedge fund Relayer Capital, adding an Austin Barack-led liquid strategy to its existing venture focus.

Reported · Written up by our desk · Hedge Funds

RockawayX, a Prague-based digital asset investment firm overseeing about $2 billion, is targeting $150 million for a new liquid strategies hedge fund as it expands beyond venture investing into cryptocurrencies and crypto-related equities, according to reporting by Hedgeweek that cites Forbes.

The firm plans to roll out the vehicle following its acquisition of crypto hedge fund Relayer Capital, with Relayer founder Austin Barack staying on at RockawayX to manage the new strategy.

The fund is expected to focus on tokens RockawayX views as mispriced or undervalued, along with equities linked to the cryptocurrency industry, the sources said.

Hedgeweek also points to renewed crypto momentum, noting bitcoin, ether, and solana each rose more than 20% over the past week.

Latest closeBitcoin $78,769.00 ▲0.3%|Solana $97.72 ▲1.2%

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