Galaxy Digital Assets is a NYC-based multi-strategy investment firm focused on digital assets and blockchain technology. Leveraging a hybrid hedge fund / VC fund model, the firm is both stage and geography agnostic with the objective of generating short and long-term returns. Galaxy Digital is now traded publicly on Toronto’s TSX Venture Exchange.
Michael Novogratz, Founder
Mike is reinventing himself as the king of bitcoin.
The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies.
At that size, the Galaxy Digital Assets Fund would be the biggest of its kind and signal a growing acceptance of cryptocurrencies such as bitcoin and ether as legitimate investments. For Novogratz, 52, the fund marks a comeback to professional money management after humbling losses at Fortress and almost two years of self-imposed exile from Wall Street.