The British billionaire in Brevan Howard, the owner of the investment fund in Elwood, in Asset Management. The company is looking for a step up in the world of bitcoin (BTC) and the other cryptomunten facilities: there is a plan for a mutual fund. Finally, the portfolio of the new fund will grow to one with a value of over $1 billion.
The Financial Times (FT) reports that the asset manager is a platform for traditional investors is that the BTC and other ‘strictly controlled’ cryptomunten in their portfolio.
Contents
Investment
The chief executive officer of Elwood, Asset Management, Bin Ren, has told the FT that the trip is aimed at assisting the investors with their investment. The idea is that the platform is only well-controlled cryptomunten that it contains. That eliminates a few risks.
Risk
The mutual fund investors, therefore helping to make the right choices. The exact details are not yet clear, but there are a variety of packages with different risk levels.
Risk can never be mutually exclusive, especially not in a young and volatile market like this one. Compared to bitcoin to know, but a few coins to perform well this year. Investors in this type of funds is to look solely at the money, it remains to be seen which of the coins will be made available on the platform.
According to the Financial Times. see Elwood, a gap in the market, a lot of crypto-mutual funds don’t offer the same options as those of traditional mutual funds.
Over $1 billion
According to a study by Elwood and the firm of auditors, PwC will count the funds in the cryptospace considerably more in service fees. The figure is a management fee of 1.72% and a performance bonus of 23.5%. While traditional funds are, respectively, 1.41%, and 16.6%, is located.
Plenty of opportunities to make a profit as a company. Ren: ”I see this as an opportunity to grow, we have more than $1 billion in assets to manage.”
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Source: Cointelegraph
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