Ex-Jefferies Trader Launches $70M Hedge Fund, Third Eye

Tian Zeng, a former Jefferies trader, has launched a $70 million crypto hedge fund named Third Eye, which will start operations on August 1, 2025.

Third Eye’s launch highlights increasing traditional finance interest in cryptocurrency, potentially influencing market dynamics and liquidity.

Former Jefferies trader Tian Zeng has officially launched Third Eye, a crypto hedge fund securing $70 million in capital. Operational from August 1, 2025, the fund will invest in both cryptocurrencies and related equities, adopting a diversified long-short strategy.

Under the leadership of Tian Zeng, who brings experience from prestigious institutions like Citigroup and Deutsche Bank, Third Eye aims at stable returns despite volatile crypto markets. “The fund’s diversified long-short strategy is designed to target stable returns in volatile markets.” Source. Its primary backing comes from family offices and high-net-worth individuals.

The hedge fund is anticipated to affect liquidity flows within crypto markets. By introducing institutional-grade strategies, it stands out as a sign of growing interest from traditional finance sectors entering cryptocurrency.

Third Eye’s emergence underscores a trend of financial migration into crypto holdings. Although no on-chain activities are currently attributed, market observers anticipate increased participation in major cryptocurrencies such as BTC and ETH.

Regulatory analysis of new hedge funds like Third Eye could foster a shift in market practices, calling attention to compliance and ethical trading. Historical trends demonstrate that such high-profile funds may subtly influence positive sentiment around crypto markets.