In a bold move to capitalize on the volatile crypto market, former Jefferies trader Tian Zeng has launched the $70 million Third Eye Crypto Fund. This new hedge fund employs a diversified long-short strategy, targeting both cryptocurrencies and related equities to generate stable returns. With institutional investors increasingly eyeing digital assets, Third Eye is poised to bridge the gap between traditional finance and the crypto world.
What is the Third Eye Crypto Fund?
The Third Eye Crypto Fund, officially launched on August 1, 2025, is a $70 million hedge fund founded by Tian Zeng, a seasoned trader with experience at Citigroup, Deutsche Bank, and Jefferies. The fund focuses on:
- Long-short strategies for cryptocurrencies and equities
- Macro and credit derivatives expertise
- Advanced analytics for risk management
Why the Long-Short Strategy Matters
The long-short strategy allows the fund to profit in both bullish and bearish markets. Key advantages include:
- Hedging against market volatility
- Capitalizing on undervalued assets
- Generating alpha in diverse market conditions
Institutional Investors Flock to Crypto Hedge Funds
With Bitcoin surpassing $120,000 and the crypto market cap recovering, institutional investors are showing growing interest. Third Eye’s backers include:
- Family offices
- High-net-worth individuals
- Traditional finance professionals
The Future of Third Eye Crypto Fund
Zeng plans to expand the fund into a multi-strategy platform, potentially incorporating:
- Staking and yield farming
- Venture allocations
- Real-time data modeling
FAQs
Who is behind the Third Eye Crypto Fund?
Tian Zeng, a former Jefferies trader with experience at Citigroup and Deutsche Bank, founded the fund. He also previously established Phoenix Digital.
What makes the long-short strategy unique?
This strategy allows the fund to profit in both rising and falling markets by taking long positions on undervalued assets and shorting overvalued ones.
How does this fund differ from other crypto hedge funds?
Third Eye combines traditional finance expertise with crypto-native strategies, leveraging advanced analytics and real-time data for better execution.
What is the minimum investment for Third Eye Crypto Fund?
While exact details aren’t public, the fund primarily targets family offices and high-net-worth individuals, suggesting a high minimum investment threshold.
