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.”