TechFlow news, according to The Block, crypto investment firm Hypersphere Ventures has opened its newly launched liquid fund Atlas to external investors, aiming to generate returns from crypto assets through Wall Street-style strategies. Atlas is a multi-manager fund designed to deliver 40% returns via various trading strategies including DeFi, quantitative trading, market making, and arbitrage, while also offering co-investment opportunities in private funding rounds such as Toncoin.
Jack Platts, founder of Hypersphere, said Atlas was first launched in stealth mode in January this year, initially funded with $100 million from Hypersphere's balance sheet. Since then, the fund's assets under management have grown to $130 million and it is now open to external investors. Atlas is an open-ended liquid fund with no fixed fundraising target from external investors, but its strategic capacity exceeds $300 million.
In addition, Hypersphere plans to raise a new venture fund focused on early-stage crypto projects. Platts revealed the firm intends to raise $75 million for this venture fund, with fundraising set to begin in the fall.
