Institutional digital assets manager Morgan Creek Digital will be serving as the lead anchor investor in a flagship fund to be launched by crypto asset management firm Ikigai.
Per a press release published March 20, Ikigai Asset Management’s flagship fund will primarily be concentrated on the implementation of systematic and fundamental liquid hedge fund strategies as well as investments focused on “opportunistic venture-stage crypto asset.”
Touted as the only blockchain venture fund to-date to have received backing from public pension funds, Morgan Creek Digital is a multi-strategy digital assets manager founded by Anthony Pompliano, Mark Yusko, and Jason A. Williams in an effort to provide institutional clients access to blockchain technology and digital assets. Prior to investing in Ikigai, Morgan Creek Digital had also previously backed a slew of other crypto and blockchain startups, including Coinbase, Harbor, as well as Bakkt.
Highlighting its latest investment, Morgan Creek Digital Partner Anthony Pompliano emphasized that:
“Ikigai has built an impressive platform for understanding the evolution of, and investing in, crypto assets. We believe they are well-positioned to capture the outstanding returns this asset class will bring in the years to come.”
Launched in December 2018 by former Point72 portfolio manager Travis Kling and partners Anthony Emtman and Timothy Lewis, Ikigai is a digital asset management company that seeks to generate superior risk-adjusted returns through the execution of venture-stage pre-ICO investments.
As Ikigai Chief Investment Officer Travis Kling commented in the release:
“DLT and crypto assets are fundamentally changing our world. We are honored to receive this investment from Morgan Creek Digital and look forward to working closely together with Mark, Jason, and Pomp in this exciting arena.”