Interesting to see how GoldenTree talents end up creating their own projects. Joe Naggar has just launched Feynman Point Asset Management, an independent hedge fund with $300 million fully dedicated to digital assets.



What struck me is his background. After GoldenTree sold its crypto fund to Republic in 2022, Naggar took over the digital assets team there. But apparently, he had other ambitions.

The numbers speak for themselves. Since 2022, the fund has posted an annualized net return exceeding 42%. That's no small feat. The main holdings include GBTC, Hyperliquid, and Ripple, choices that demonstrate a real strategy in the crypto space.

What is particularly interesting is their approach to treasury strategies in digital assets. They are invested in 15 to 17 different DATs, including BitMine Immersion Technologies and SharpLink Gaming. That's quite a focused diversification.

Basically, we see how a former GoldenTree member uses his experience to build something more specialized in crypto. It's the kind of trajectory increasingly observed among talents who really want to focus on this universe. Stay tuned.
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