Man Group Will Launch Crypto Hedge Fund Despite Difficult Market Circumstances
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.
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