GoldenTree Veteran Launches $300 Million Crypto-Focused Hedge Fund
Joe Naggar, CEO & CIO of Feynman Point Asset Management
FPAM
Joe Naggar, a former partner at Steven Tananbaum’s GoldenTree Asset Management, is launching an independent hedge fund with $300 million under management, marking the formal spin-out of his team from crypto-focused investment firm Republic.
Naggar spent 16 years at GoldenTree, helping oversee its $61 billion in credit assets. A longtime crypto enthusiast, he started mining bitcoin in 2013 and made early investments in projects like Stacks and Algorand as well as Coinbase. In 2022, he began assembling a dedicated digital assets team inside GoldenTree, betting that macro-informed approach and institutional-grade risk management could win in crypto markets.
But the wave of…
