Point72 Exec Leaves to Launch Crypto Hedge Fund ‘Ikigai’

Travis Kling quit Point72 in December 2017 to launch his own fund named “Ikigai Asset Management”.

Travis Kling has since added, three new executives to continue to build out their deep bench experts. Christina Martin, of Plutos Capital Group, has joined as Partner. Daniel Heller of BitLumens and Oliver Zahn of Google have joined as Advisors.

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Co-Founder and CIO, Travis Kling says, “We’re thrilled to add seasoned industry veterans with diverse backgrounds to the Ikigai team.” 

The fund will likely launch on October 1st, 2018 and is expected to $15 million of outside capital by November 1st, 2018.  Kling has further plans to increase token funds to $100 million and venture funds to $33 million by the mid-2019. The Delaware-based fund will also have a Cayman Islands vehicle for foreign investors.

Most of the capital held by the fund will be cash. The fund is to have a 2 percent fee as additional custody costs.  The minimum investment for accredited investors will be $250,000. Although Kling left Point72 when the crypto market was booming i.e. December 2017, he plans to stick and believes that it is just the start for cryptocurrencies.

He says that cryptomarket will be multi-trillion dollar asset class and adds, “It will be part of our everyday lives. It’s still very early, but the development and growth of this technology will be exponential.”

ikigai crypto fund

About Ikigai

Ikigai is a long/short multistrat Cryptoasset hedge fund seeking to generate superior risk-adjusted returns through the execution of venture-stage pre-ICO investments and both systematic and fundamental liquid hedge fund strategies. As a Cryptoasset management firm Ikigai will be delivering superior risk-adjusted returns.

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However, Ikigai is a Japanese concept that means “a reason for being”. Translating into English the word literally means “thing that you live for”. The word “Ikigai” is usually for indicating the source of value in one’s life or the things that make one’s life worthwhile

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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