Meet the Ex-Banker Using Ethereum to Take On Traditional Hedge Funds
In the world of hedge funds, the old adage really is true: you have to have money to make money. The barrier to entry for an individual investor is frequently $500,000, with portfolio managers themselves needing as much as $200m just to get started. But the potential rewards are equally large. It was a tough lesson to learn for Mona El Isa, a former Goldman Sachs vice president, who after being selected as a member of Forbes 30 Under 30 and raising $30m for her own fund, found herself surprisingly under-prepared to compete against other much more heavily capitalized firms. Dismayed by a....
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Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing. Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers, or PwC.In its 4th Annual Global Crypto Hedge Fund Report 2022, PwC said roughly one-third of traditional hedge funds surveyed are already investing in digital assets such as Bitcoin (BTC). So-called “multi-strategy” hedge funds were most likely to....
When it comes to bitcoin and AI, it is impossible to tell what the future will hold. A new breed of hedge funds is coming to Wall Street and other financial areas all over the world. Two new technologies are becoming the next area of focus: artificial intelligence and bitcoin. One interesting example is called Numerai, a hedge fund trading through machine learning models built by scientists paid in bitcoin. It is evident there is a growing demand to access the bitcoin ecosystem without having to buy cryptocurrency directly. On paper, it is not easy to grasp the concept of a bitcoin or AI....
Highlighting the considerable limits of traditional banking systems, a former banker has placed XRP at the top of payment services in the financial sector, predicting that cryptocurrency will disrupt the payments industry. Bold XRP Prediction By Financial Expert In a rather lengthy X (formerly Twitter) post, ex-banker and financial expert, Kyren made a controversial prediction […]
Few hedge funds are looking forward to buying into Mt Gox claims as they expect Bitcoin price to appreciate further. The victims of Mt Gox are yet to receive the payouts. While they still wait for closure, hedge fund managers are busy digging for opportunities to make money. The reports indicate that few hedge funds in the United States and Japan are planning to buy the claims from Mt Gox victims with the hopes of capitalizing on the appreciating Bitcoin price in the future. According to a report on one of the leading financial news outlets, at least four different hedge funds have started....
GoldenTree, with $41 billion in assets under management, is one among a growing number of traditional hedge funds purchasing bitcoin.