Tim Enneking, managing director
at hedge fund Crypto Asset Management, believes bitcoin gold proves fork currencies will likely have diminishing returns from here on out.
Not exact matches
And then
at the end of that year, just before things really took off in
crypto, White focused his efforts on attracting Wall Street clients: brokerages, large global banks, and
hedge funds.
He is among the only folks from the traditional
hedge fund world to dive into
crypto, most notably following the lead of Mike Novogratz, a former portfolio manager
at Fortress.
Woody Levin left his gig as vice president
at software company DocuSign in early February to start a
crypto hedge fund.
Either way, it's likely trading will start slowly, said Mike Novogratz, chief executive officer of Galaxy Investment Partners, which is raising a
crypto hedge fund targeted
at $ 500 million.
The popular
crypto - currency exchange announced on Thursday it will open a new custodian service aimed
at large institutional investors like
hedge funds and sovereign wealth
funds.
«I think this [
crypto] is going to be the biggest bubble of our lifetimes by a long shot,» the former Fortress
hedge fund manager said
at a CoinDesk bitcoin conference.
Announced today
at CoinDesk's Consensus: Invest in New York, TechCrunch founder Michael Arrington revealed he's raising $ 100 million for a
hedge fund that will buy and hold
crypto assets while making investments in token sales and (some) equities and debt.
On Friday, Mike Novogratz, the former macro
hedge fund manager
at Fortress Investment Group, told Bloomberg he had halted plans to launch a
crypto - currency
hedge fund.
Announced today
at CoinDesk's Consensus: Invest in New York, TechCrunch founder Michael Arrington revealed he's raising $ 100 million for a
hedge fund that will buy and hold
crypto assets while making investments in token sales and (some) equities and debt.
The Journal also reported that, although SEC is more likely to probe
hedge funds, it may also look
at private equities which may hold
crypto assets, either directly or indirectly.
Just a couple of months ago, Business Insider posted an article looking
at 50
hedge funds in
crypto.
The claim, filed in the U.S. District Court in Florida, represents five plaintiffs who invested cryptocurrency now valued
at $ 3.8 million into the project ahead of a proposed token sale last July that was to help build the Monkey Capital Market — an envisaged decentralized
hedge fund and private
crypto exchange.
Tim Enneking, chairman of digital asset
hedge fund Crypto Asset Management, projected that if the market stays above $ 1,000 for the next few days, support
at this level could be more plausible.
Investors looking
at crypto right now aren't just geeks looking to cash in but VCs and
hedge funds making their next move to build real wealth!