The crypto community should not be abandoned by the collapse of FTX, according to Man Group. In any case, the London-based alternative investment firm has no plans to let go of this hurdle, knowing that it plans to launch a crypto hedge fund soon.
Crypto hedge fund: Man Group does not give more details
Small investors are tempted to flee the cryptocurrency sector that has been ravaged by the spectacular collapse of FTX. But it is clear that this situation does not prevent certain institutions such as Man Group from establishing themselves in the crypto market. The English asset manager is indeed planning to launch an investment fund focused on crypto assets, according to Bloomberg. Man Group does not give more details about its project. But it will be soon.
Also according to Bloomberg, the fund will be available by the end of the year. This $138 billion financial company will entrust crypto speculation to Man AHL. It should be noted that the company invests through various asset managers, including Man AHL. This unit creates and applies trading computer models to help make investment decisions.
Crypto: Convergence and Institutional Adoption
Like Man Group, more and more institutional investors are flocking to crypto and embracing these new asset classes. Proponents of crypto assets argue that their volatility creates opportunity. In addition, cryptocurrencies have almost no correlation with other asset classes, offering clear diversification benefits. Hedge funds are among the best options for institutional investing.
Many institutional investors believe that cryptocurrency offers the best long-term opportunities. Some are even predicting outperformance as macroeconomic conditions globally ease. Regardless, the lack of regulation still remains a drag on cryptocurrency adoption. Investors still hope that the fall of FTX could accelerate the implementation of clearer regulations.
The crypto market has turned every challenge into an opportunity. Today, the ecosystem continues to mature and move towards wider institutional adoption.
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I stumbled into the cryptosphere by chance and witnessed the birth of a new era, that of DeFi. It’s all about economic freedom, transparency and opportunities available to everyone. This is a universe that deserves to be known.