According to ChainCatcher and PR Newswire, Metalpha Technology Holding Limited (NASDAQ: MATH) announced that the Next Generation fund managed by its SFC 9-licensed company LSQ Capital has successfully completed its two-year investment period, with net asset value (NAV) growing by up to 375.5%, far exceeding Bitcoin's 67.3% increase during the same period.
The fund began trading in late March 2023 and performed exceptionally well. Metalpha CEO Adrian Wang stated that this success is attributed to the team's market insights, risk management, and partnerships.
As the fund cycle concludes, Metalpha has transferred its entire 40% stake in NextGen Digital Venture to the company's founder Jason Huang, solidifying their strategic cooperation. Jason Huang revealed that NextGen has launched its second fund, which will continue to focus on equity investments in crypto assets and seize opportunities in the digital finance sector.
