BlockTower Capital has acquired Gamma Point Capital, an an investment manager specializing in market neutral strategies. No financial terms were disclosed.
MIAMI, June 28, 2021 /PRNewswire/ — BlockTower Capital, a leading institutional cryptocurrency and blockchain technology investment firm, is today announcing the acquisition of Gamma Point Capital, an investment manager specializing in market neutral strategies. Gamma Point’s market neutral fund will become part of the BlockTower family of funds.
Founded by Sanat Rao, Rahul Rai, and Eash Aggarwal, Gamma Point has rapidly become a trusted choice for investors looking for superior risk-adjusted returns. Combining experience in cryptocurrency, traditional financial services, trading and risk management, venture capital, and technology development, the team executes proprietary market neutral strategies including arbitrage and decentralized finance (“DeFi”) yield techniques which seek to profit regardless of the broader market environment or direction (i.e., hedging out beta crypto market exposure).
The team will continue to scale out the market neutral strategy as part of BlockTower. Sanat joins the executive management team as a general partner and will be responsible for leading the market neutral strategy along with new strategic activities.
“The Gamma Point team has built invaluable technology and expertise – demonstrating what’s possible in this space – and will be a terrific addition to our organization, as well as a fantastic cultural fit aligned with our focus on professional investing, risk management, and serving our partners,” said Matthew Goetz, Founder and CEO of BlockTower. “There’s a tremendous market neutral opportunity in cryptocurrency, and it’s something we’ve consistently heard as important from investors and institutions looking for a strategy with this kind of profile that can remove the volatility so many focus on in this market.”
“We are humbled to be recognized as pioneers in the market neutral category,” said Sanat Rao, managing partner at Gamma Point Capital. “BlockTower is at the forefront of institutional crypto investing, and Matthew and Ari have built a first-in-class platform. We are excited to join the BlockTower family to continue our journey.”
About BlockTower Capital
BlockTower is a leading institutional cryptocurrency and blockchain technology investment firm, applying professional trading and portfolio management to this digital asset class. It was founded in 2017 by former Goldman Sachs executive and engineer Matthew Goetz, and former University of Chicago Endowment portfolio manager and Susquehanna International Group trader, Ari Paul. Matthew serves as chief executive officer and Ari as chief investment officer.