ChainCatcher news, former Genesis executive Matt Ballensweig stated to a potential investor in mid-December 2022 that his planned fund named Hunting Hill Digital has raised $2.5 million from Bessemer Venture Partners at a post-money valuation of $30 million and is currently raising an additional $5 million. The fund's "flagship product" is set to launch in the first quarter of 2023.Matt Ballensweig described the fund as a collaboration between former Genesis employees and Adam Guren of hedge fund Hunting Hill, utilizing a delta-neutral strategy. Ballensweig mentioned that the fund's partners also include former Genesis managing director Martin Garcia and former head of trading Reed Werbitt, and the three will also launch two additional beta products, "Top 25 Index" and "DeFi beta." (CNBC)

ChainCatcher news, Matt Ballensweig, co-head of sales and trading at the crypto lending firm Genesis, announced his departure to join the crypto wallet company Exodus. Ballensweig stated that he will continue to serve as an advisor to Genesis.Genesis has experienced significant talent loss following substantial losses from Three Arrows Capital. In August, Genesis laid off 20% of its staff, and CEO Michael Moro left; at the beginning of September, research head Noelle Acheson also departed. It is reported that their derivatives head Joshua Lim is also considering leaving. (CoinDesk)