Crypto Hedge Fund Firm Parataxis Buys Strix Leviathan Funds

Parataxis Capital, a hedge fund firm that focuses on digital assets, is acquiring Strix Leviathan funds that oversee about $20 million in assets. Terms weren’t disclosed.

Parataxis, which manages more than $150 million, is embarking on a acquisition spree that should help drive assets under management to $500 million by year-end, according to co-founder Edward Chin. Parataxis will start managing Strix on Feb. 1.

“We are going to be pretty active this year,” Chin said in an interview. “This sector, there’s a lot of sub-scale digital asset managers out there, $20 million-$25 million AUM. What we plan this year ...