I just found out something interesting in the world of cryptocurrency-focused hedge funds. Joe Naggar, who worked as a partner at GoldenTree Asset Management, decided to leave and create his own independent fund called Feynman Point Asset Management with an initial endowment of $300 million.

The funny thing is that Naggar already had experience in digital assets. After GoldenTree sold its crypto asset fund to Republic in 2022, he remained leading the digital assets team at that firm. Now with his own fund, he is showing quite solid results: more than 42% annualized net return since inception.

As for where he's putting the money, he has positions in GBTC, Hyperliquid, and Ripple, which are pretty interesting bets considering how the market has moved. But what catches my attention the most is his strategy with the DATs, investing in 15 to 17 different digital asset treasuries. It includes names like BitMine Immersion Technologies and SharpLink Gaming.

It seems that GoldenTree execs who know the crypto space well are betting heavily on their own vision. It’s the kind of move you see when someone truly believes in the sector’s potential and wants to make their own investment decisions.