August 30 - 13:08
Alan Howard planning $1 billion venture into crypto hedge funds
Alan Howard's asset management firm is targeting the cryptocurrency market. Reports from the Financial Times say Elwood Asset Management is looking to build a platform to tailor portfolios of cryptocurrency funds for investors. They will point investors towards vetted crypto funds. It could spent more than $1 billion on the project. There are between 200 to 300 crypto hedge funds on the market.
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