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Hedge fund manager plans $1bn crypto fund

August 30, 2019

Via: Finextra
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Elwood Asset Management, which manages Howard’s personal cypto assets, is currently working on a platform which will design portfolios of crypto funds, a so-called fund of funds, aimed at institutional investors.

Elwood chief executive Bin Ren told the Financial Times that the project’s objective is to inject a more selective and quality-based approach to the notoriously risky world of crypto assets, thus avoiding any blow-ups and providing a greater standard of governance for investors.

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