More than the current situation– The winter of crypto is marked especially by Dropping FTX, should not have reduced the appetite of some investors for cryptocurrencies. Quite the opposite. This investment manager may launch a crypto fund, soon.
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A crypto hedge fund for this UK investment company
According to an article on November 18 from Bloomberg, the computer trading unit AHL from a London investment manager Man Group Plc prepare for launch a hedge fund focused on cryptocurrenciesat the end of the year.
One of Bloomberg’s sources is reported as saying that the fund will be launched only after the company assesses the counterparty’s risks. AHL already trades cryptocurrency futures for Man Group.
The investment manager thus intends to dive a bit into cryptocurrencies, despite the collapse of FTX that put the crypto markets at half-mast.
However, in the current context, caution is required because the company may change its mind depending on the evolution of the situation. In addition, the Man Group will plan secretly the launch of this cryptocurrency-focused fund, and a Man Group spokesperson said that there is declined to comment this Bloomberg news.
The FTX disaster took a toll on investors, both individuals, rather than the largest creditor of the crypto exchange. Despite the carnage, institutional investors apparently continue to pursue cryptocurrencies.
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