RockawayX acquires crypto hedge fund Relayer Capital, with plans to raise $150 million

BlockBeats News, August 26th, RockawayX announced the acquisition of the crypto hedge fund Relayer Capital, rebranding it as the RockawayX Liquid Opportunities Fund.

RockawayX plans to raise $150 million for the fund. Relayer's previous liquidity strategy has seen a net return of around 70% year to date, outperforming a portfolio equally weighted in BTC, ETH, and SOL by 86% as of August 21st. The strategy primarily expresses fundamental views on crypto assets through long, short, and arbitrage trades, aiming to reduce overall market exposure when appropriate.

RockawayX is a crypto investment firm currently managing approximately $2 billion in assets. The new fund will focus on undervalued liquidity tokens and crypto-related equities, with Relayer's founder, Austin Barack, joining RockawayX as the fund's CIO.