To launch a $1 billion encrypted hedge fund, Elwood Asset Managemen intends to

According to Cointelegraph, on August 30th, Elwood Asset Management, the British billionaire and asset management company Brevan Howard founder Alan Howard, is planning to Encrypted hedge funds invest $1 billion.


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The Financial Times reported on August 30 that the asset management company is developing a platform to tailor the cryptocurrency portfolio to institutional investors.

Guide institutional clients to enter the encrypted hedging field

Bin Ren, CEO of Elwood Asset Management, told the Financial Times that the company's goal is to guide investors to select rigorously scrutinized and rigorous due diligence funds to enable market participants to circumvent emerging industries. The risks involved.

Bin Ren, who was the chief investment officer at Brevan Howard's Systematic Investment Group, said that through the industry's screening, Elwood has determined that up to 50 encrypted hedge funds may satisfy their due diligence. .

Although the details of the product are still to be finalized, the new fund allows investors to identify a number of input factors, such as the level of risk they are willing to bear, their return expectations, and liquidity terms. In addition, it will measure the potential relevance of a customized encrypted hedge fund portfolio to its existing assets.

As pointed out by the Financial Times, Elwood is trying to direct institutional clients into new investment areas because they recognize that many encryption investment vehicles still lack the traditional characteristics of the traditional hedge fund industry.

The fund’s asset management will reach $1 billion

The Financial Times report cites a study jointly conducted by Alwood and PwC, one of the Big Four accounting firms, this year. The study showed that the average management fee charged by the encrypted hedge fund was 1.72%, plus 23.5% of the performance fee, which was much higher than the average of the traditional hedge fund industry of 1.41% and 16.6%.

For its services, Elwood will charge its own fees in addition to the fees paid by investors for the base fund.

Bin Ren told the Financial Times: "I think this is a very big growth opportunity." He also pointed out that he expects the product to eventually manage more than $1 billion in assets.

In March of this year, when Elwood announced the partnership with Invesco to launch a blockchain exchange-traded fund (ETF), he said that the company is planning to increase its cryptocurrency-related products.

Howard himself is also involved in a large number of investments in cryptocurrency-related entities, including EOS development company and the digital asset platform Bakkt under the Intercontinental Exchange (ICE).

Original: https: // Author: Marie Huillet compilation: Libert Manuscripts (translated): Babbitt Information (http: //