Hypersphere Launches $130M Crypto Fund Staffed by Alums of Millennium and Bridgewater

Hypersphere, a cryptocurrency investment firm, has launched a new fund called Atlas with $130 million in assets under management. The fund will use Wall Street-style strategies to generate returns from crypto assets and employ a multimanager approach to provide investors with niche trading strategies while keeping volatility low. The Atlas fund is staffed by alums of high-frequency trading firm Millennium and hedge fund Bridgewater, and aims to allow investors to enter and exit quickly through its open-ended liquid fund structure. Hypersphere founder Jack Platts described Atlas as "two bets in one," offering a diversified set of trading strategies and finding compelling opportunities in the crypto markets.