Wall Street's Migration To Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund

(Credit : PartyCrasherTshirts) A series of fake news articles (see here, here and here), black mail of anonymous…
$147.93
44 7
Wall Street's Migration To Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund
9 hours ago by zer0hedge 66 in bitcoin

It appears a trend is taking shape. Following a former Goldman HFT trader's massive initial coin offering, another…
$337.73
57 12
Standpoint Analyst Sees Bitcoin Hitting $5,000 Next Year, $50,000 Over Next Decade
yesterday by zer0hedge 66 in bitcoin

Ecclectic analyst Ronnie Moas, better perhaps known as the one-man show behind Standpoint Research, ventured into the…
$377.70
81 28
Dramatic Drone Footage Shows What Mosul Looks Like After 8 Months Of Fighting
2 days ago by zer0hedge 66 in war

Authored by Mac Slavo via SHTFplan.com, Despite being outnumbered 15-1, ISIS forces swiftly captured the Iraqi city…
$129.59
28 5
Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN "Crashes" 87% After-Hours
3 days ago by zer0hedge 66 in economy

Hold on to your cryptos guys, tomorrow may not look good on the markets! Nasdaq has issued a market-wide trading halt…
$314.46
132 45
Did Martin Shkreli's FBI Arrest Save Him From A "Hit" Ordered By The Wu-Tang Clan?
3 days ago by zer0hedge 66 in usa

Just when you thought the bizarre antics of famed 'Pharma Bro', Martin Shkreli, couldn't get any more outrageous…
$125.08
25 10
"Colleges Are Preparing Kids For An Economy That No Longer Exists" As They Continue To Scam Parents And Students
3 days ago by zer0hedge 66 in school

Authored by Daniel Ameduri via FutureMoneyTrends.com, As I sat down to enjoy some smoked salmon at a recent BBQ I…
$131.45
43 14
Goldman Sees Bitcoin Soaring As High As $3,915 During Next Breakout
4 days ago by zer0hedge 66 in bitcoin

Last week former Fortress principal Michael Novogratz made headlines in the cryptocurrency world when he told…
$301.75
188 89
The World Is Questioning Trump's Leadership
4 days ago by zer0hedge 66 in obama

According to a new study from Pew Research which polled 40,000 people in 37 nations, Donald Trump's presidency has had…
$131.31
38 17
•••
The Main Reason Congress Is Getting So Little Done Is... They Will Have 218 Days Off In 2017
7 days ago by zer0hedge 66 in politics

Authored by Michael Snyder via The End of The American Dream blog, Would you like to have a job that gave you 218…
$0.00 39 10
•••
Researchers Discover That Social Media Can Be Used To Predict Riots, Revolutions, And Even The Weather
7 days ago by zer0hedge 66 in socialmedia

Authored by Mac Slavo via SHTFplan.com, Most of us don’t give much thought to what we post on social media, and a…
$122.34
46 14
•••
America's First Robot Bar Opens In Vegas: "Perfect Pours Every Time"
8 days ago by zer0hedge 66 in technology

Here’s a headline that should send a chill through the spine of every bartender and server in America: “Bionic…
$104.14
37 15
•••
"Rogue" Policeman Who Attempted "Venezuela Coup" Is A "James Bond-Cum-Rambo" Action Film Star
8 days ago by zer0hedge 66 in venezuela

When we reported on last night's alleged "terrorist coup" attempt by a "rogue police officer" who stole a…
$149.12
57 19
•••
The Most Dangerous Fake News Of All Is Peddled By The Corporate Media
8 days ago by zer0hedge 66 in news

Authored by Mike Krieger via Liberty Blitzkrieg blog This is not the sort of thing you see in a confident, brave…
$130.79
71 31
•••
Illinois Is Venezuela & The Solution Is Cryptocurrency
9 days ago by zer0hedge 66 in bitcoin

Authored op-ed by Ken Kurson via The Observer, The reason I’m so much fun at parties is that my idea of a good time…
$139.77
77 17
•••
Investing Legend Calls Cryptocurrencies "Biggest Bubble Of A Lifetime"... But There Is A Catch
9 days ago by zer0hedge 66 in bitcoin

Former Fortress Principal Michael Novogratz left the firm's colossal macro hedge fund almost two years ago, but has…
$140.91
58 21
•••
Asylum Seekers Who Fled To Canada After Trump's Victory Are Stuck In Hellish Legal Limbo
9 days ago by zer0hedge 66 in canada

The wave of hysteria unleashed by President Donald Trump’s upset electoral victory in November stoked nightmarish…
$242.26
34 9
•••
NSA Software Behind Latest Global Ransomware Attack
10 days ago by zer0hedge 66 in security

" It's like WannaCry all over again ," said Mikko Hypponen, chief research officer with Helsinki's cybersecurity…
$66.83
47 13
•••
How Can A Human Justify Asking To Be Paid $15 To Work?
10 days ago by zer0hedge 66 in technology

Authored by Mike Shedlock via MishTalk.com, McDonald’s announced it will replace cashiers in 2,500 stores with…
$0.00 34 20
••
A Stock Market Crash Scenario
10 days ago by zer0hedge 66 in market

Authored by Charles Hugh Smith via OfTwoMinds blog, The one thing we can know with certainty is it won't be easy to…
$0.00 29 6
Back
Wall Street's Migration To Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund
9 hours ago
zer0hedge66 in bitcoin
It appears a trend is taking shape. Following a former Goldman HFT trader's massive initial coin offering, another Wall Street-er has come to the dark side of virtual currencies. A former senior manager at consulting firm Bain & Company, is launching a Bitcoin fund, providing access to the cryptocurrency to some of the wealthiest families in Latin America.

Announced today, the newly formed Crypto Assets Fund, co-founded by former senior manager at Bain, Roberto Ponce Romay, is helping to raise $50m with the purpose of buying cryptocurrencies for family offices. Revealed exclusively to CoinDesk, Crypto Assets Fund (CAF) will invest directly in bitcoin, ether, zcash, ripple, litecoin and dash. As CoinDesk reports,

The first tranche of the fund, estimated to be valued about $10m, is in the final stages of closing, and is expected to be announced by the end of this month.

In interview, Romay explained that the purpose of the fund was two-fold.

First, it was designed to give investors in some of Latin America’s more unstable economies a new way to hedge their investments, and...

Second, it was meant to provide the opportunity to safely learn about these new stores of value for possible future investments.
According to Romay, as the fund's investors are becoming increasingly familiar with the crypto-asset class, the CAF could eventually raise new funds that also include tokens sold as part of initial coin offerings, or ICOs.

"This fund is investor driven," said Romay, who is now the director of investment banking boutique, Invermaster."It is a simple strategy to give access."

"The [investors] wanted to be exposed..."
Investment documents provided to CoinDesk further reveal details about how the British Virgin Islands fund intends to invest capital provided by its limited partners.

Based on previous growth trajectories of CAF’s crypto-assets, the fund lists a minimum target return of 26% per year for three years with an "expected" target return of 71%.

With volatility at record lows across so many asset-classes, is this the beginning of an exodus from Wall Street to Cyber street to take advantage of information-edges and noise?