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Tag: hedge fund

Billionaire Hedge Fund Manager Has One Percent of his Net Worth in Bitcoin

Category: Altcoins, Bitcoin, Business, Investment, News

Billionaire Hedge Fund Manager Has One Percent of his Net Worth in Bitcoin

Marc Lasry, the billionaire co-founder of Avenue Capital Group, whose net worth is estimated to be at around $1.68 billion, has invested $16.8 million in bitcoin. Bitcoin Investments Explained When asked about his personal investment in bitcoin, Lasry explained that he entered the cryptocurrency sector a few years ago, and invested quite a lot of capital in the market. As…

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Pantera Capital Management Recommends Buying Bitcoin

Category: Bitcoin, Finance, News, Tech

Pantera Capital Management Recommends Buying Bitcoin

Pantera Capital Management, a cryptocurrency hedge fund with more than $800 million in assets, believes that bitcoin will not go under $6,500 in this seemingly slowing market. In a note to investors, the fund mentioned that the pioneer cryptocurrency’s prices would most likely exceed their previous high of $20,000 in late December 2017. Long Convictions Since January 2018, bitcoin’s value…

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George Soros Makes U-turn, Set to Trade Cryptocurrency

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

George Soros Makes U-turn, Set to Trade Cryptocurrency

It appears George Soros has made a U-turn on his stance regarding the crypto market or, at the very least, is prepared to get in on some of the action. This news is based on a report that his family office is set to begin trading in cryptocurrencies. George Soros like a number of prominent figures in the mainstream financial…

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Cryptocurrency Hedge Funds Reportedly Increasing and Could Triple in 2018

Category: Altcoins, Bitcoin, Finance, News

Cryptocurrency Hedge Funds Reportedly Increasing and Could Triple in 2018

There has been a significant rise in the number of decentralized cryptocurrency hedge funds over the last year. A report by fintech research firm, Autonomous NEXT, estimates that 226 hedge funds are operating in this space as of February 2018 with a total of around $3.5 to 5 billion in combined assets under their management. Measuring Fintech Growth Autonomous NEXT…

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Goldman Sachs FX Trader Leaves to Join Crypto Broker

Category: Bitcoin, Commentary, Finance, News

Goldman Sachs FX Trader Leaves to Join Crypto Broker

In a sign that crypto is becoming more mainstream, as well as having long-term potential, an executive director from the esteemed financial behemoth Goldman Sachs has decided to leave the firm to get on board with a UK-based cryptocurrency broker. From Nefarious to Legitimate Phillip Gillespie was with Goldman since 2015, and his new position will be as the chief…

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FISCO To Launch First Japanese Cryptocurrency Fund

Category: Bitcoin, Business, Commentary, News

FISCO To Launch First Japanese Cryptocurrency Fund

FISCO, a Japanese financial information provider, is looking to launch the first cryptocurrency fund in Japan, starting with a size of 300 million yen ($2.66 million) which will invest in bitcoin as well as other cryptocurrencies as early as January 2018. Diversifying Interests The information provider already covers equity, foreign exchange, bond, and commodity markets so this would be the…

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AI Hedge Fund Numerai Issues One Million ‘Numeraire’ Tokens to its 12,000 Data Scientists

Category: Altcoins, Bitcoin, News, Tech

AI Hedge Fund Numerai Issues One Million ‘Numeraire’ Tokens to its 12,000 Data Scientists

Traditionally, hedge funds have been run by seasoned investment managers who have been strategically picking financial securities and assets to invest in to generate absolute returns for their investors. In the last ten years, many hedge funds moved on from the traditional model to leverage new technologies such as algorithmic trading, high-frequency trading, artificial intelligence, among others. San Francisco-based hedge…

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