<p>Alpha Sigma Capital, a crypto and blockchain hedge fund co-founded by former managing director of strategy at Nasdaq Global Corporate Solutions Enzo Villani, is raising $100 million.<br /> <br /> Announcing the news on Wednesday, Villani <a href="https://www.globenewswire.com/news-release/2020/03/18/2002586/0/en/Enzo-Villani-Former-Nasdaq-Strategist-and-Fintech-M-A-Executive-Raising-100-Million-for-New-Hedge-Fund-Focused-on-Blockchain-and-Digital-Currencies.html">said</a> the fund was officially launched in early January, with a focus on investing in crypto and blockchain companies.<br /> <br /> “As a hedge fund, we have the flexibility to invest in tokens, debt, equities, and derivatives which allows our investors downside protection while focused on above-market returns,” said Villani.<br /> <br /> Andy Cheung, former COO of OKEx and now executive chairman of crypto derivatives exchange ACDX, is one of the <a href="https://alphasigma.fund/partners/">advisors</a> for Alpha Sigma Capital. Cheung told The Block that "as more uncertainties surround 2020, we need more innovative products, more variety of assets to help investors steer through the cloud.” <br /> <br /> Alpha Sigma Capital’s current <a href="https://alphasigma.fund/portfolio/">investments</a> include blockchain protocol Factom, decentralized artificial intelligence (AI) platform SingularityNet, and Korean blockchain startup Carry Protocol, among others.<br /> <br /> “We don’t have a crystal ball but what we do have is the proven progress our portfolio [companies] are making. They are proving their revenue models, executing on their token economics and delivering real-world value,” said Mike Onghai, co-founder and partner at Alpha Sigma Capital. </p>