Thomas Daniels
Numerai, the AI-driven hedge fund backed by legendary investor Paul Tudor Jones, has secured a $500 million allocation from JPMorgan Asset Management — a strategic move poised to more than double the firm’s assets under management and mark a deeper institutional pivot into AI-integrated crypto strategies.
The San Francisco-based hedge fund confirmed that the capital will be deployed over the next 12 months. The returns on JPMorgan’s commitment will be tied to Numerai’s proprietary trading models, developed by a global network of thousands of data scientists using crowdsourced artificial intelligence.
Founded in 2015, Numerai has grown its assets under management to approximately $450 million, with the majority of that expansion occurring in the past three years. In 2024 alone, the fund generated a net return of over 25%, employing a hybrid strategy that combines crowdsourcing, AI, digital assets, and quantitative trading methodologies.
The fund also operates its own native cryptocurrency, Numeraire (NMR), launched in 2017. In July 2025, Numerai initiated a $1 million token buyback, signaling confidence in its ecosystem and community. Following the JPMorgan commitment, NMR surged more than 38% to around $11–$12, while trading volumes skyrocketed nearly 900%.
Although JPMorgan has not issued a direct comment on the deal, the move is consistent with its expanding activity in the digital asset space. The financial giant has previously partnered with leading crypto platforms and is exploring stablecoin issuance and crypto-backed lending solutions that could allow clients to borrow against holdings in assets such as Bitcoin and Ether.
