Elwood Asset Management, a British company owned by billionaire Alan Howard, plans to launch a $ 1 billion asset company specializing in cryptocurrency hedge fund investments. About this writes the Financial Times .
Elwood CEO Bin Ren said the new company will help investors choose quality funds.
“I see this as a very great opportunity for growth,” Ren added.
Details about the company are still very few. However, it is known that the new firm will enable institutional investors to make decisions based on factors such as risk appetite, expected return and liquidity. Customers will be offered portfolios of funds, selected according to various criteria.
The publication also reports that Elwood has analyzed many cryptocurrency hedge funds, selecting about 50 of them that “satisfy due diligence”. Investors will pay commissions for the analytical services of the new firm and access to funds.
BlockchainJournal previously reported that Elwood Asset Management is considering launching various investment products based on cryptocurrencies.
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