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Former Citigroup Executives Seek $100 Million for Crypto Hedge Funds

  • Kriete, Girasole made waves last month when they left the bank
  • ‘Clients are hungry for returns,’ Kriete says of crypto space

A trio of former Citigroup Inc. executives who left the bank last month have formed Motus Capital Management, a firm that wants to make it easier for high-net-worth individuals to bet on cryptocurrencies.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.”