Alan Howard is a British Billionaire hedge fund manager and co-founder of Brevan Howard Asset Manager LLP. His is planning to launch a venture worth a billion dollars that will engage in a range of digital currencies hedge fund.
Elwood Asset Management, a digital asset management fund is working on a new platform that will design the portfolio of different cryptos. The aim of Elwood Asset Management will be to present a portfolio that has risk involved in it seeing the risk and volatility prevalent in the crypto market.
Hedge funds in digital currencies are gaining popularity in recent times and are thus attracting big businesses towards it.
Billionaire Alan Howard’s company is planning to launch a crypto hedge fund venture. Elwood Asset Management’s Chief Executive Bin Ren has given some details in an interview with Financial times.
The Chief Executive of, Elwood Asset Management, Bin Ren said in an interview to Financial Times that they have identified at least 50 hedge funds that “satisfy their due diligence”. While the details and finalizing of the venture is still not finished, the venture is said to allow people to invest in accordance with preferences such as how much liquidity they want, what are the risks they are willing to endure and son on and so forth.
Ren further added
“I see this as a very big growth opportunity”
Elwood Asset Management is going to play big in this sector suggests the words of Bin Ren. They have conducted various surveys in the market with respect to hedge funds, about their management fees and their performance fees. Bin Ren sees this a big opportunity for Elwood Asset Management.