Investment Veteran Joe Naggar Spins Off from Republic to Launch Feynman Point Asset Management

Veteran investor Joe Naggar is charting a new course in the digital-asset world, launching a new firm,  Feynman Point Asset Management, after steering the crypto and digital-asset arm of Republic Digital. The firm, which emerges independently from Republic, is reportedly going live with around $300 million in assets under management focused on frontier technologies and digital-asset investment strategies.

Naggar’s career spans traditional finance and digital-asset investing. In his earlier tenure at GoldenTree Asset Management, he built the structured-products platform, oversaw credit and CLO (collateralized loan obligation) strategies and later pioneered the firm’s digital-assets arm. At Republic Digital, Naggar served as CEO and CIO beginning March 2024, after Republic acquired GoldenTree’s digital-asset subsidiary.

Feynman Point is positioned as a dedicated digital-asset fund management firm, targeting “tradeable digital investments” and special situations in frontier technology sectors. The spin-out allows Naggar and his team to operate with greater independence. According to reports, the firm has targets including digital asset treasuries, token-economy plays and crypto infrastructure companies.

The move comes at a time of heightened interest in digital assets among institutional investors and growing demand for specialized investment strategies in the crypto space. It also reflects a broader industry trend, seasoned hedge-fund managers spinning out to focus on digital assets, as the sector matures and new capital flows in.

What to Watch

• Performance track-record: Early mentions indicate Naggar’s team generated annualized net returns above 40 % since 2022 in prior strategies within Republic’s umbrella.
• Investor base and fund structure: With an AUM target around $300 million, who will back the firm, what fees, what lock-up terms?
• Strategy clarity and differentiation: In the crowded digital asset space, Feynman will need to clearly articulate what edge it brings, whether infrastructure, tokenization, or digital asset treasuries.
• Regulatory/market risk: Digital asset funds face regulatory uncertainty, volatile markets and operational complexity. Naggar’s traditional finance background may be a plus.

Joe Naggar’s move to launch Feynman Point Asset Management underscores a maturing of the digital-assets investment ecosystem. This isn’t a superficial rebranding or tech fad pivot, it’s a calculated realignment toward a specialized sector, backed by serious institutional experience. For investors, Feynman offers a vehicle that blends traditional finance pedigree with digital-asset ambition. However, as always with this space: strong theory and track record matter, but execution and risk management will determine real outcomes.

This launch is definitely one to keep on the radar as the next wave of crypto-hedge funds takes shape.