The Hunting Hill Digital fund, founded by former Genesis executives, raised millions of dollars before Genesis filed for bankruptcy

ChainCatcher news, former Genesis executive Matt Ballensweig stated to a potential investor in mid-December 2022 that his planned fund named Hunting Hill Digital has raised $2.5 million from Bessemer Venture Partners at a post-money valuation of $30 million and is currently raising an additional $5 million. The fund's "flagship product" is set to launch in the first quarter of 2023.

Matt Ballensweig described the fund as a collaboration between former Genesis employees and Adam Guren of hedge fund Hunting Hill, utilizing a delta-neutral strategy. Ballensweig mentioned that the fund's partners also include former Genesis managing director Martin Garcia and former head of trading Reed Werbitt, and the three will also launch two additional beta products, "Top 25 Index" and "DeFi beta." (CNBC)