Man Group, which manages an asset of approximately 150 billion dollars, continues to work to launch a crypto hedge fund.
The bankruptcy of FTX, the world’s second largest cryptocurrency exchange, deeply affected the crypto industry. The future of the cryptocurrency market is highly curious by investors. Regulations, centralization, transparency, asset reports and many other issues were on the agenda. It is stated that the FTX company has put more than 1 million people in trouble. Despite all these pessimistic processes, Man Group, the world’s largest publicly traded hedge fund company, continues its work.
Man Group With $150 Billion Wealth Is Preparing Crypto
According to Bloomberg’s report, Man Group has been developing a crypto hedge fund strategy for the past few months.
Man Group, referred to as the largest hedge fund company that goes public, manages approximately $150 billion in assets. The investment asset management firm is expected to launch its crypto hedge fund by the end of the year.
It was explained that the initial transactions of the crypto fund depend on its assessment of counterparty risks. In addition, a unit of the company already runs cryptocurrency futures.
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