$138 billion investment manager Man Group to launch crypto hedge fund: report
Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research.< /p>
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London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling investors' continued appetite for digital assets following FTX's monumental collapse in the Beginning of the month.
Bloomberg announced on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its AHL computerized trading unit. Citing private sources, Bloomberg revealed that the new hedge fund could be ready by the end of the year.
A Man Group spokesperson declined to comment on the matter when asked by Cointelegraph.
Man Group already has exposure to digital assets through AHL, which actively trades crypto futures. At the end of September, Man Group had $138.4 billion in assets under management, down slightly from $142.3 billion in the previous quarter.
The company is listed on the London Stock Exchange and is part of the FTSE 250.
The institutional appetite for digital assets like Bitcoin (BTC) has grown over the past two years, in part due to the recognition that crypto represents a new class of investment. However, broad institutional exposure to crypto has been hampered by a lack of clear regulations and the perception that fiduciary standards prevent fund managers from openly championing the sector.
Related:
Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research.< /p>
New
London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling investors' continued appetite for digital assets following FTX's monumental collapse in the Beginning of the month.
Bloomberg announced on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its AHL computerized trading unit. Citing private sources, Bloomberg revealed that the new hedge fund could be ready by the end of the year.
A Man Group spokesperson declined to comment on the matter when asked by Cointelegraph.
Man Group already has exposure to digital assets through AHL, which actively trades crypto futures. At the end of September, Man Group had $138.4 billion in assets under management, down slightly from $142.3 billion in the previous quarter.
The company is listed on the London Stock Exchange and is part of the FTSE 250.
The institutional appetite for digital assets like Bitcoin (BTC) has grown over the past two years, in part due to the recognition that crypto represents a new class of investment. However, broad institutional exposure to crypto has been hampered by a lack of clear regulations and the perception that fiduciary standards prevent fund managers from openly championing the sector.
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