AI hedge fund Numerai wins backing from top university endowments, token soars

CointelegraphThursday, November 20, 2025 at 9:09:35 PM
AI hedge fund Numerai wins backing from top university endowments, token soars
  • Numerai's NMR token experienced a significant increase of over 40% after the hedge fund secured funding from major university endowments, elevating its valuation to $500 million.
  • This development highlights the growing interest and confidence in Numerai's innovative approach to hedge fund management, potentially attracting further investments and enhancing its market position in the cryptocurrency sector.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Numerai raises $30m to build ‘the last hedge fund’
PositiveCryptocurrency
Numerai, a San Francisco-based hedge fund, has successfully raised $30 million in Series C funding. The company, which operates with a unique approach blending finance and technology, aims to redefine the hedge fund industry.