A firm owned by billionaire hedge fund manager Alan Howard plans to launch $1B crypto fund of funds
Investment firm Elwood Asset Management, owned by billionaire hedge fund manager Alan Howard, is planning to launch a $1 billion venture that will invest in cryptocurrency hedge funds. While details of the venture are not yet finalized, it could allow investors to consider factors such as risk appetite, expected returns and liquidity requirements. Accordingly, investors will be presented with a portfolio of funds to invest in, per the report.
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