According to Odaily Planet Daily, Feynman Point Asset Management, founded by former GoldenTree partner Joe Naggar, has officially launched a $300 million cryptocurrency hedge fund, marking the team's independence from the crypto investment firm Republic. The fund focuses on investments in digital assets and cutting-edge technologies.

Feynman Point Asset Management disclosed that its backers (including Swiss fund L1D and New York Blockchain Investment Group) have achieved an annualized net return of over 42% since its founding in 2022. Success stories include purchasing Grayscale Bitcoin Trust (GBTC) at a discount of approximately 40% to the underlying asset, investing early in the decentralized exchange Hyperliquid, and participating in an equity investment in Ripple. (Forbes)