Billionaire Eyeing $1B USD Crypto Hedge Fund
Alan Howard, the billionaire head of Brevan Hedge fund will launch a cryptocurrency portfolio platform that aims to make stable investments in a very volatile cryptocurrency market.
According to reports, the new platform will be a kind of fund for funds which is geared towards institutional clients and will make strategic investments in other crypto hedge funds.
It has been revealed by data firm Hedge Fund Research that cryptocurrency-related investment pools are up by as much as 60% over the past two quarters and the new institutional fund is projected to manage as much as $1billion in investments.
This new venture will identify enough firms to invest in to offer their own client's portfolio options that satisfy their risk profiles, liquidity needs, and diversity requirements.
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