Hedge Fund Numerai Secures $500 Million Investment Commitment from JPMorgan

According to reports, hedge fund Numerai LLC has secured an investment commitment of up to $500 million from JPMorgan's asset management division, which will be deployed next year. Over the past three years, the assets managed by the fund have grown from $60 million to $450 million. Numerai stated that its global equity hedge fund achieved a net return of 25% last year. The company plans to continue recruiting more employees. Its native token, Numeraire (NMR), once surged by 33%.