The Counterattack of #Novogratz
Galaxy Digital Launches a $100M Fund to Dominate Market Chaos
#GalaxyDigital , under the direction of veteran #MikeNovogratz , is deploying an offensive strategy with the creation of a new hedge fund of 100 million dollars. The goal is to capitalize on the current volatility in the digital asset and fintech sectors.
Bidirectional Strategy: The fund will operate under a long/short model, allowing it to generate profits in both bull markets and during correction periods.
Portfolio Composition: Only 30% of the capital will be invested directly in cryptocurrency tokens. The remaining 70% will focus on financial services stocks that Galaxy identifies as disruptive or in the process of regulatory transformation.
Backing from "Smart Money": The initiative has the support of family offices, institutions, and high-net-worth individuals, in addition to Galaxy Digital's own capital.
Opportunity Vision: Joe Armao, the fund manager, points out that the current environment — marked by potential Fed rate cuts and increasing institutional adoption — creates the perfect backdrop to extract value from structural changes in the financial system.
