BlockTower Capital Buys ‘Market-Neutral’ Crypto Hedge Fund Gamma Point

Crypto hedge fund BlockTower Capital has acquired rival hedge fund Gamma Point Capital in a $35 million deal announced Tuesday.

In an interview with Bloomberg on Tuesday afternoon, BlockTower CEO Matt Goetz said his company’s acquisition of Gamma Point, which has a unique strategy of market-neutral investing that seeks profit in both bull and bear markets, is intended to help BlockTower better navigate the current market volatility.

BlockTower’s acquisition of Gamma Point Capital is one of many crypto-related acquisitions in recent months...