Investment Company to Launch Crypto Hedge Fund

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Man Group plc, a London-based investment management company, trades on the London Stock Exchange. Despite FTX exchange and its sister company Alameda Research's catastrophic failure, Man Group plans to launch a bitcoin hedge fund. According to a Bloomberg article, the new bitcoin hedge fund may be ready by the end of the year. How does this effect us as individual investors? Institutional investors remain optimistic about Bitcoin and other cryptocurrencies despite the crypto cold.
 

Luke Ellis – CEO of Man Group (Source: Man Group)

Man Group will introduce the cryptocurrency hedge fund through its AHL computer-focused trading subsidiary. Prior to the present rollout, the company had already experimented with digital assets through AHL. In September, the organization was in charge of managing over $138 billion in assets, a drop of 2.74% from the preceding three months.

Over the past two years, there has been an increase in institutional interest in digital assets, particularly Bitcoin and Ether. the growing recognition that cryptocurrencies are a new financial class. The absence of clear laws and regulations and the idea that fund managers cannot publicly endorsing the sector in accordance with fiduciary norms have prevented widespread institutional exposure to cryptocurrencies.

Final Reflections

The recent insolvencies of FTX and Alameda Research might be the biggest barrier to Bitcoin's acceptance by the general public. Because of FTX's failure, some people anticipate that the US government will move more rapidly to pass crypto legislation.

In my judgment, the cryptocurrency industry will continue to garner criticism before investors can anticipate seeing a more standard and effective regulatory framework. Investors are concerned about the value of their digital asset holdings declining and have much less faith in the future