Hedge fund Hunting Hill launches digital asset subsidiary Hunting Hill Digital

ChainCatcher news, according to CoinDesk, hedge fund Hunting Hill Global Capital has launched a digital asset subsidiary, Hunting Hill Digital. Sources say its first product will be the Crypto 25 Fund, initially managing assets of $20 million to $25 million, with a strategy focused on the top 25 cryptocurrencies ranked by market capitalization, liquidity, and performance.

Earlier reports indicated that former Genesis executive Matt Ballensweig had told a potential investor in mid-December last year that the fund he was planning, named Hunting Hill Digital, had raised $2.5 million from Bessemer Venture Partners at a post-money valuation of $30 million and was in the process of raising an additional $5 million. (source link)