New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December last year, the Funds Management’s KiwiSaver Growth Strategy fund had investments worth just over $350 million. The Fund Manager reportedly changed its “offer documents” …
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Spartan Group, the digital asset investment company based in Singapore, revealed the launch of a $50 million venture fund on Tuesday, according to CoinDesk. The fund will invest in new decentralized finance (DeFi) systems, hoping to bridge the gap between Eastern and Western markets. Spartan Group raised $30 million in the first round of funding …
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100x Group, the holding company connected to derivatives exchange BitMEX, has backed a new investment fund named Cadenza Capital Management. The fund is run by managing partners Kumar Dandapani and Max Shapiro, who used to manage BitMEX’s venture capital arm 100x Ventures. Dandapani was head of ventures at 100x Group from 2018 until 2020, while …
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The Federal Bureau of Investigation (FBI) on Tuesday arrested Rhode Island cryptocurrency trader Jeremy Spence on allegations that his “Coin Signals” crypto funds bilked investors of $5 million between November 2017 and April 2019. The 24-year-old proprietor of at least three crypto funds allegedly ran their value into the ground, losing millions of dollars for …
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The digital asset manager passed a key milestone this week. Source link
The bitcoin fund founded by Anthony Scaramucci’s SkyBridge Capital has invested some $25 million ahead of a planned public opening sometime next year. In comments to CNBC, Scaramucci outlined the contours of the Bitcoin fund — the existence of which The Block reported Monday — and its potential appeal to would-be investors. “It became clear …
According to Pantera Capital’s monthly investor letter, the firm’s initial coin offering-focused fund is up 362% year-to-date in terms of performance. “Pantera Funds are continuing to generate strong returns in what has been a seminal year for digital assets. We believe we are still in the early innings of a potential multi-year bull market fueled …
Pantera says its ICO fund performance is up 362% year-to-date Read More »
Alan Howard, billionaire hedger fund manager, is among the backers of a new institutional-focused investment firm that’s eyeing an as much as $1 billion allocation to bitcoin and ether by early next year. According to a Bloomberg report, One River Asset Management CEO Eric Peters set up a new company to capture institutional interest in the …
An Ethereum-based fund has completed its initial public offering (IPO) on the Toronto Stock Exchange (TSX). According to a press release on Thursday, Canadian investment fund manager 3iQ announced the sale of more than 7.2 million Class A and F units totaling gross proceeds of around $76.5 million. The Ether Fund Class A Units, aimed …
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Guggenheim Partners, the $200 billion-plus asset-manager, could be the latest Wall Street firm to allocate capital to the cryptocurrency market, as per a filing. The firm, which invests across asset classes on behalf of companies, pension funds, and sovereign wealth funds, wrote in a filing on November 27 that it might “seek investment exposure to …
Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale’s GBTC Read More »