Hedge Funds

Ex-Jefferies trader Zeng launching $70m crypto hedge fund

Tian Zeng’s Third Eye will start trading on 1 August

Tian Zeng, who previously led credit derivatives trading at Jefferies, is launching his own crypto hedge fund
Tian Zeng, who previously led credit derivatives trading at Jefferies, is launching his own crypto hedge fund Photo: Cheng Xin/Getty Images

A former senior Jefferies trader is kicking off a crypto hedge fund as institutional investor interest in the asset class grows.

Tian Zeng has raised $70m for his crypto hedge fund, which is called Third Eye and will start trading on 1 August, according to people familiar with the matter.

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