New York Hedge Fund Brings in Over $5m in Bitcoin Deposits
A hedge fund based in New York by the name of NYSO HEDGE and specializing in "high risk, high return" investments has revealed that it has accepted roughly $5.4 million in bitcoin deposits. This news follows an initial announcement by the fund to begin accepting bitcoin for deposits on the 7th of February - so it's taken just about three days for them to amass that amount from bitcoin holders. "NYSO HEDGE's own Risk management team (due to these circumstances), has deemed bitcoin deposits as safe as wire transfers with careful research and considerations." NYSO applied to get regulatory....
Related News
If you’ve ever built a hedge fund, chances are you’re a financial magnate… And you’re probably really smart. 29-year-old South African entrepreneur Richard Craib certainly appears to be both as the creator of San Francisco’s latest hedge fund operation Numerai. Hedge funds have been looking for new ways to enter the world of bitcoin. A former Coinbase employee who has left the guise of the world’s largest bitcoin exchange to create his own financial haven has already birthed revenue exceeding $10 million, while a New York hedge fund has brought in over $5 million. Impressive totals for....
In July, a hedge fund in Jersey issued a press release announcing that it had become the first regulated fund to deal in bitcoin. The Jersey fund, called Global Advisors Bitcoin Investment Fund (GABI), later said it was seeking $200m in assets under management. In subsequent months, mentions of GABI have been regularly prefaced by its status as the first regulated bitcoin hedge fund by everyone from the BBC to Newsweek. Now another hedge fund is challenging GABI's claim. Crypto Currency Fund, managed by Timothy Enneking, says that it, not GABI, should rightfully be referred to as the....
No longer is bitcoin for the enthusiast, it would seem. With increasing popularity, businesses - and now financial institutions - are looking to get their hands into the pot. Case in point: A San Francisco-based hedge fund is seeking to bring aboard what they call a "Junior Bitcoin Execution Trader", according to a job posting by Glocap that was emailed to a list of subscribers. The hedge fund's (unclear just which one) "seeking a junior trader to assist with bitcoin execution, general fund operations, and reporting." We've seen interest in bitcoin from hedge funds before, but this is the....
Interest in “Bitcoin” according to Google search data shows that the the world’s hedge fund capital tops all other places in the Tri-State area. Hedge Funds Paying Attention. The latest stats from Google trends reveal that most of the interest in Bitcoin for the Tri-State area (NY, NJ, CT) is coming from the greater Greenwich area of Connecticut. While the global uptick in Bitcoin interest was already covered, it appears to be in an upswing particularly in regions commonly associated with hedge funds and Wall Street. For instance, number two Hoboken, New Jersey is also home to many people....
The British IT professional has revealed that his attempt to recover his lost fortune has been sponsored by a multi-billion dollar hedge fund that is willing to cover any and all costs associated with the hunt, including all necessary equipment. Hedge Fund To Back Hunt James Howells, a British IT professional who threw out a […]