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Investment management firm Man Group plc, based in London, is traded on the London Stock Exchange. Man Group intends to start a cryptocurrency hedge fund despite the spectacular failure of FTX exchange and its sister business Alameda Research. The new cryptocurrency hedge fund might be ready by the end of the year, per a Bloomberg story. How does this affect individual investors like you and me? Despite the crypto winter, institutional investors are still upbeat about Bitcoin and other cryptocurrencies.
Luke Ellis – CEO of Man Group (Source: Man Group)
The crypto hedge fund will be launched by Man Group using its AHL computer-focused trading division. The business had already experimented with digital assets through AHL before this current launch. About $138 billion in assets were being managed by the organization in September, a decrease of 2.74% from the previous quarter.
Institutional interest in digital assets, particularly Bitcoin and Ether, has grown over the last two years. the development of an understanding that cryptocurrencies represent a new investment class. Widespread institutional exposure to cryptocurrencies has been limited by the lack of uniform laws and regulations and the notion that fund managers cannot publicly endorse the sector according to fiduciary norms.
Final Thoughts
The biggest obstacle to Bitcoin's widespread acceptance may be the recent bankruptcies of FTX and Alameda Research. Some people think that the US government will act more quickly on crypto legislation as a result of FTX's failure than others do.
Before investors can expect to see a more uniform and effective regulatory framework, in my opinion, the cryptocurrency sector will continue to draw criticism. Investors worry about the devaluation of their holdings of digital assets and have considerably less faith
Investment management firm Man Group plc, based in London, is traded on the London Stock Exchange. Man Group intends to start a cryptocurrency hedge fund despite the spectacular failure of FTX exchange and its sister business Alameda Research. The new cryptocurrency hedge fund might be ready by the end of the year, per a Bloomberg story. How does this affect individual investors like you and me? Despite the crypto winter, institutional investors are still upbeat about Bitcoin and other cryptocurrencies.
Luke Ellis – CEO of Man Group (Source: Man Group)
The crypto hedge fund will be launched by Man Group using its AHL computer-focused trading division. The business had already experimented with digital assets through AHL before this current launch. About $138 billion in assets were being managed by the organization in September, a decrease of 2.74% from the previous quarter.
Institutional interest in digital assets, particularly Bitcoin and Ether, has grown over the last two years. the development of an understanding that cryptocurrencies represent a new investment class. Widespread institutional exposure to cryptocurrencies has been limited by the lack of uniform laws and regulations and the notion that fund managers cannot publicly endorse the sector according to fiduciary norms.
Final Thoughts
The biggest obstacle to Bitcoin's widespread acceptance may be the recent bankruptcies of FTX and Alameda Research. Some people think that the US government will act more quickly on crypto legislation as a result of FTX's failure than others do.
Before investors can expect to see a more uniform and effective regulatory framework, in my opinion, the cryptocurrency sector will continue to draw criticism. Investors worry about the devaluation of their holdings of digital assets and have considerably less faith
