RockawayX picks up Relayer Capital to expand crypto offerings in US
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Cryptocurrency investment firm RockawayX has acquired crypto hedge fund Relayer Capital to add long and short strategies to its existing platform and expand its presence in the U.S.
Key facts
- According to the statement, Relayer's liquid strategy has delivered a net return of roughly 70% year-to-date, outperforming an equal-weighted basket of bitcoin, ether and solana by 86% as of Aug. 21
- RockawayX, which has roughly $2 billion in assets under management, announced Tuesday that Relayer will be rebranded as the RockawayX Liquid Opportunities Fund, which will focus on identifying
- Following the acquisition, Relayer founder Austin Barack will join RockawayX as CIO of the fund, according to the statement
- RockawayX CEO Viktor Fischer said that this is the "right moment for the strategy
Summary
RockawayX, which has roughly $2 billion in assets under management, announced Tuesday that Relayer will be rebranded as the RockawayX Liquid Opportunities Fund, which will focus on identifying "undervalued liquid tokens and crypto-related equities. Following the acquisition, Relayer founder Austin Barack will join RockawayX as CIO of the fund, according to the statement. According to the statement, Relayer's liquid strategy has delivered a net return of roughly 70% year-to-date, outperforming an equal-weighted basket of bitcoin, ether and solana by 86% as of Aug. 21. "The strategy uses long and short positions, including pair trades, to express fundamental views on crypto tokens while reducing broader market exposure when appropriate," the company said.