According to CNBC, former Genesis executive Matt Ballensweig told a potential investor in mid-December that the fund he was planning, called Hunting Hill Digital, had raised $2.5 million from Bessemer Venture Partners at a post-money valuation of $30 million. , and is raising an additional $5 million. The fund's "flagship product" will launch in the first quarter of 2023. Matt Ballensweig called the fund a collaboration between former Genesis employees and Adam Guren of hedge fund Hunting Hill, and it is a fund that uses a Delta-neutral strategy. Matt Ballensweig said that the fund partners also include Martin Garcia, former managing director of Genesis, and Reed Werbitt, former trading director of Genesis, and the three will also launch two other beta products "Top 25 Index" and "DeFi beta". Foresight News previously reported that hedge fund operator Hunting Hill Global Capital has hired two former Genesis executives and at least one senior person from Galaxy Digital. Hunting Hill has hired former Genesis managing director Martin Garcia as chief investment officer of its new cryptocurrency subsidiary, Hunting Hill Digital, sources said.