What It’s Like Running A Billion-Dollar Market-Neutral Fund In Crypto

What It’s Like Running A Billion-Dollar Market-Neutral Fund In Crypto

From 1000x by 1KX Media

August 24, 2026 · 35 min

About this episode

Avi interviews Evgeny Gokhberg about running a billion-dollar market-neutral fund in the crypto space and the challenges and opportunities it presents.

Recorded live at the Out East Summit, Avi sits down with Evgeny Gokhberg, founder and CIO of Re7 Capital, one of the last market-neutral funds still managing serious capital in crypto. We discuss his decade in TradFi trading emerging markets — shorting Chinese real estate through Australian iron ore, trading Egyptian stocks after the Arab Spring, why he left a comfortable seat to "1000x" his career, the DeFi "aha" moment when crypto finally had real businesses to value, how Re7 earns yield by doing what banks do (market-making and lending, now on tokenized stocks like Nvidia), what a DeFi vault actually is and who's investing in them, why he never touched Luna and why Michael Saylor isn't the same trade, and the real AI risk to DeFi — which has nothing to do with AI breaking smart contracts. Enjoy! -- Follow Evgeny: https://x.com/evgeny_re7 Follow Avi: https://x.com/AviFelman Follow Jonah: https://x.com/jvb_xyz Follow 1000x: https://x.com/1000xPod Join the 1000x Telegram: https://t.me/thousandxpod Try the 1000x Terminal: https://1000x.money -- Timestamps: (00:00) Coming Up on 1000x... (00:53) One Of The Last Market-Neutral Funds In Crypto (02:17) Shorting…

People in this episode

Host: Avi

Guest: Evgeny Gokhberg

Topics covered

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Mentioned in this episode

Organizations: Re7 Capital, Nvidia, 1000x

Places: China, Egypt

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