AI hedge fund Numerai secures up to $500 million from JPMorgan, token jumps 33%
Quick Take The self-proclaimed artificial intelligence hedge fund said it grew over the past three years from managing $60 million to $450 million, and now has secured up to $500 million from JPMorgan Asset Management. The hedge fund’s native crypto token Numeraire rose 33% as of Tuesday afternoon.
AI hedge fund Numerai LLC said Tuesday it has secured up to $500 million from JPMorgan Asset Management, significantly increasing its access to investment capital.
Numerai said over the past three years it's grown from managing $60 million to $450 million, according to a statement.
"And now, the biggest milestone yet: JPMorgan Asset Management has invested in Numerai's hedge fund," the fund said . "JPMorgan is one of the largest allocators to quantitative strategies in the world including in machine learning quant funds."
Last year, Numerai says its global equity hedge fund delivered a 25% net return.
The company went on to say it will be onboarding more staff.
"Numerai is now scaling the team to match the opportunity," the hedge fund said. "We've recently hired an AI researcher formerly at Meta, a trading engineer formerly at Voleon, and many more."
JPMorgan did not respond to a request for comment.
Numerai is based in San Francisco and describes itself as an "AI hedge fund built by a network of data scientists." The company's native token Numeraire jumped 33% on Tuesday, according to The Block Price Page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DOGS +75.02% in 24 Hours Amid Technical Indicators Suggesting Reversal
- DOGS surged 75.02% in 24 hours to $0.0001459 on Aug 30, 2025, contrasting with 7436.53% annual decline. - Traders analyze $0.0001450 support level as critical for short-term reversal potential after breaking $0.0001500 resistance. - Despite 24-hour rebound, 204.23% 7-day and 218.5% 1-month drops confirm ongoing bearish trend dominance.
BERA -11.0% Amid Regulatory Scrutiny and Liquidity Constraints
- BERA fell 11.0% to $1.83 on August 30, 2025, driven by regulatory scrutiny and reduced liquidity in key markets. - The decline reverses a 63.7% prior-week rally linked to institutional index inclusion, as smart contract inquiries and low market maker activity reignite caution. - Technical indicators show oversold conditions (RSI 34) and bearish MACD divergence, with $1.90-$1.95 levels critical for near-term direction. - Governance updates proposing decentralized staking failed to offset concerns over unc
Ethereum News Today: Investors Shift Focus as MAGACOIN FINANCE Emerges as Bitcoin’s Bold Alternative
- MAGACOIN FINANCE, an Ethereum-based altcoin, gains traction as a Bitcoin alternative with presale success and scarcity-driven tokenomics. - Strong investor demand and cultural branding mirror Dogecoin's trajectory, attracting retail and whale investors through audited transparency and limited-time bonuses. - Declining Bitcoin dominance (59% in August 2025) boosts interest in smaller-cap tokens like MAGACOIN FINANCE ahead of October 2025 altcoin season. - The project's cross-community appeal and strategic
Ethereum Leverage Risks and Whale Behavior Amid Market Downturns
- Ethereum's 2025 market shows stark retail-institutional divergence: retail traders use 50x-1000x leverage, risking $4.7B in August liquidations when prices dropped 15%. - Institutional investors boost Ethereum ETFs by $13B in Q2 2025, leveraging 3-12% staking yields while 29% of supply becomes staked or ETF-held. - Whale behavior shifts: $1B+ ETH moved to cold storage in late 2025, with EigenLayer's $15B TVL and DeFi infrastructure reinforcing long-term confidence. - Systemic risks persist: 0.53 Ethereum
Trending news
MoreCrypto prices
More
