News

Man Group Will Launch Crypto Hedge Fund Despite Difficult Market Circumstances

The largest publicly listed hedge fund company, Man Group, is allegedly close to launching a cryptocurrency hedge fund despite the recent FTX downturn, according to Bloomberg.

The crypto hedge fund approach has been in preparation for a number of months, which cited persons with knowledge of the situation but who requested to remain anonymous.

Through AHL, which regularly trades cryptocurrency futures, Man Group has already acquired exposure to digital assets. Man Group managed $138.4 billion in assets as of the end of September. The organization is a part of the FTSE 250 and conducts open market trading on the London Stock Exchange.

The crypto fund’s decision to launch operations is dependent on its evaluation of counterparty risks. Manager of investments Andre Rzym is in charge of the effort. Futures on cryptocurrencies are already traded by Man Group’s AHL.

This statement coincides with the FTX crisis, one of the most important recent developments in the cryptocurrency industry. The most FTX-related collateral harm is being experienced by centralized enterprises.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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