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Former Jefferies Trader Launches $70 Million Crypto Hedge Fund Third Eye

Tian Zeng's Third Eye fund, debuting on August 1, 2025, will focus on cryptocurrencies and crypto-related stocks, reflecting a trend of institutional interest in digital assets.

Summary

Tian Zeng has founded a $70 million crypto hedge fund named Third Eye, launching on August 1, 2025. The fund will invest in cryptocurrencies and crypto-related stocks, utilizing a diversified long-short strategy to manage volatility. With 15 years of experience from firms like Citigroup and Deutsche Bank, Zeng's initiative underscores the influx of traditional finance professionals into the crypto sector and a revival of institutional investor confidence in digital assets.

Terms & Concepts
  • Long-Short Strategy: An investment approach that involves buying securities expected to increase in value and selling securities expected to decrease in value.
  • Crypto Hedge Fund: A pooled investment fund that uses various strategies to earn active return for its investors, focusing on cryptocurrencies and related assets.
  • Institutional Investors: Organizations that invest large sums of money into securities, real estate, and other investment assets, often including pension funds, insurance companies, and mutual funds.