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Investment Firm to Launch $1 Billion Cryptocurrency Fund Management Venture

Investment Firm to Launch $1 Billion Cryptocurrency Fund Management Venture | CryptoGlobe

Elwood Asset Management, an investment firm owned by billionaire hedge fund manager Alan Howard, is reportedly looking to launch a $1 billion venture into the cryptocurrency space, looking to invest in hedge funds. According to a report published by the Financial Times, Elwood’s CEO Bin Ren revealed the venture will help investors choose quality funds, and that it sees this space as a “very big growth opportunity.”