Hedge fund Numerai received $500 million investment commitment from JPMorgan Chase and repurchased $1 million in NMR
Source: ForesightNews
Time: 2025-08-27 22:36:27
AI hedge fund Numerai has received a commitment of up to $500 million in investment from JPMorgan's asset management division and will be put into use next year. Numerai said the size of funds it manages has grown from $60 million to $450 million over the past three years. Its global equity hedge funds achieved a net return of 25% last year. The company said it would recruit more employees. Numerai says it has repurchased $1 million worth of cryptocurrency NMR. Numeraire (NMR) is a decentralized blockchain project under the AI ​​hedge fund Numerai, providing data scientists with a platform for building predictive models. They can compete with each other and earn NMR tokens based on the accuracy of the model.