Frank Thelen launches his own equity fund

10xDNA is the name of the investor's fund with which he wants to invest in promising companies. The largest position is apparently to be Palantir.

As the magazine Finance Forward found out earlier on Monday, tech investor Frank Thelen has registered a mutual fund, 10xDNA - Disruptive Technologies. As of today, investors can invest. When asked by the magazine, Thelen apparently did not want to comment at first. Today he announced details. The fund is to invest in cryptocurrencies and companies in the fields of quantum computing, 3D printing, artificial intelligence, blockchain and biotech, as Gründerszene reported.

According to the magazine, the fund will contain more than 30 stocks. It will be reviewed on an ongoing basis by a team of physicists and capital markets experts, it said. "We want to seriously and deeply understand each company so that we don't have any mistakes in the equity fund," Thelen told Gründerszene. Palantir will be the largest position, the investor announces there. He also wants to put money into Coinbase and Tesla, among others. "We will close this fund as soon as we would make a difference in the companies with our small value," Thelen tells the magazine.