RockawayX Acquires Relayer Capital to Bolster Long-Short Strategy

Crypto investment firm RockawayX has acquired hedge fund Relayer Capital, expanding its presence in the US market and adding an actively managed long-short strategy to its platform.

The acquisition gives RockawayX exposure to a strategy designed to profit from both relative winners and weaker assets. The fund uses longs, shorts, and pair trades based on fundamental assessments of tokens, with the ability to reduce exposure to overall crypto market moves.

RockawayX said Relayer's liquid strategy had generated a net return of roughly 70% year-to-date through Aug. 21. It also outperformed an equal-weighted basket of Bitcoin, Ether, and Solana by 86% over the same period.