Elwood Asset Management, a company backed by the well-known billionaire Alan Howard, is planning to launch a fund of cryptocurrencies by a value of one thousand millions of dollars. The company, with headquarters in London, has as objective to design a platform to develop portfolios of digital currencies for institutional investors. The executive director of the company, Bin Ren, spoke about ensuring that this platform would be designed to ensure operations of high quality, something that usually disappears in a industry of cryptocurrencies risk. This interest in the cryptocurrencies was born due to the great popularity they have achieved in the last few months. According to the data group HFR, hedge funds that include these assets in their portfolio now positioned above the 60% of gain, which places them as one of the assets with the best performance this year. Ren considers that the volatility of digital currencies makes the funds cryptographic may be less attractive to investors willing to inject capital larger. Therefore, mentioned the role that could play Howard, a famous hedge fund manager, could help them to filter the funds cryptographic more reliable. “Losing the traditional assets in the real world is difficult. In the digital world, it is easy to lose assets: you put the wrong address for a transfer of Bitcoin and it’s gone forever”. And while hedge funds focused exclusively on the cryptocurrencies have outperformed their counterparts in traditional this year, there are still many reasons that the institutions remain doubtful, especially for problems with liquidity. This is why there are constant threats that mentioned a possible price manipulation and fraud similar. The news media Financial Times reports that three-quarters of the hedge funds of encryption, or even have independent directors, which is concerned about the potential investors who fear the dismal standards of corporate governance and the possible conflict of interest. But the bottom line cryptographic Howard aims to solve all these problems. To do this, select administrators only reliable hedge fund, which would cause investors to cope with an environment less dangerous. It is expected that the new platform will enable their customers decide on the input factors, such as the risks that they can digest, its expected returns, the terms of the liquidity of their choice, at the time that weighs the correlation potential with the rest of the assets they own. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.
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