JPMorgan backs hedge fund Numerai with $500M, fueling crypto-AI convergence — TradingView News
Numerai, an AI-driven hedge fund backed by Paul Tudor Jones, has secured a commitment of up to $500 million from JPMorgan Asset Management — a vast sum that could more than double its assets under management and highlight a growing institutional interest in crypto-friendly money managers.
Numerai confirmed Tuesday that the allocation will be deployed over the next year, with returns tied to its crowdsourced trading models built by thousands of data scientists worldwide.
Since its inception in 2015, Numerai has expanded its assets under management to roughly $450 million, with most of that growth occurring over the past three years.
In 2024, the hedge fund delivered a net return of more than 25% through strategies combining…
