Hivemind to open long/short equity fund for blockchain and AI infrastructure

A dedicated vehicle for a strategy run since 2022

Hivemind Capital said on 12 November 2026 that it will launch a fund aimed at institutional investors, the Hivemind Equity Access Fund. The vehicle will hold long and short positions in listed companies tied to blockchain and AI infrastructure.

The strategy is not new. Hivemind has run it inside its multi-strategy fund since 2022 and is now offering it as a separate product. The firm said the launch follows a strategic investment in Hivemind by M&G Investments.

The fund's universe runs from exchanges, custodians and miners to the power, compute and technology suppliers that serve them. Hivemind said many of these companies get little coverage from traditional equity research, which makes them hard for generalist investors to assess.

How the fund is meant to work

Hivemind describes the approach as quantitative screening combined with bottom-up fundamental research. The fund uses a proprietary risk framework that adjusts net exposure as market conditions change, plus a hedging overlay intended to reduce downside volatility.

The firm said its venture work, including a collaboration with UC Berkeley on blockchain and AI infrastructure, feeds insights into the public-markets team. Hivemind also runs a staking platform and a portfolio management system.

Matt Zhang, Hivemind's founder and managing partner, said the fund is built for institutional allocators. Richard Skeet, managing partner and head of trading, said the team trades token markets and underwrites mining operations, and that the same economics sit behind AI data centers.

What is still open

Hivemind did not give a launch date, a fundraising target or the size of the strategy's current book. The announcement did not name the fund's fees or its minimum investment.

Hivemind was founded in 2021 by Matt Zhang, a former Citi executive, and invests across liquid, venture and infrastructure strategies.