On October 21st, according to Forbes, Joe Naggar, a partner at GoldenTree Asset Management, under former Steven Tananbaum, is launching an independent hedge fund with a management size of $300 million. This marks the official separation of his team from the investment company Republic, which focused on cryptocurrency. Now, Naggar and his team operate independently under the name Feynman Point Asset Management, focusing on the digital asset market and cutting-edge technology. Despite undergoing multiple transformations, the fund's performance remains outstanding.

According to Feynman Point Asset Management, since its establishment in 2022, supporters including the $600 million Swiss fund L1D and the New York Blockchain Investment Group have achieved over 42% annualized net return. Successful trades include buying Grayscale Bitcoin Trust (GBTC) at a discount of less than 40% of the underlying assets, early investments in the outstanding decentralized exchange Hyperliquid, and equity investments in Ripple.