certify
Home arrow Article arrow Article Detail

Hedge fund firm Marshall Wace with $55 billion in assets is looking to invest in crypto and blockchain

Profile Image

Pavan A Follow

INDIA

Jul, 07 2021

Jul, 07 2021

likes | comments 0

Article Image

Marshall Wace, a $55 billion asset manager is raising funds to invest in cryptocurrency and Blockchain as per recent reports.


The London-based hedge fund is preparing to launch a dedicated portfolio and is discussing the size of this digital portfolio with potential investors.


Marshall Wace is the newest in the race to get into digital asset investment. This move can be seen as the result of investments from hedge fund firms like Brevan Howard Asset Management, billionaire hedge fund managers Paul Tudor Jones and Marc Lasry in the growing digital assets.


This new firm is planning to fund private unlisted companies working in areas such as payments systems for virtual currencies, stablecoins, and Blockchain technology.


Marshall Wace is also on the lookout for new staff in the digital assets field. While the new investment business is still at the early stages, the asset management company plans to expand quickly and is looking to include other forms of investment like cryptocurrency trading.


Although the size of the launch is still unclear, Marshall Wace wants to rope in potential investors and is in talks with them. The new digital finance venture would be headed by Amit Rajpal, CEO of Marshall Wace Asia and co-founder of Indian fintech firm Niyogin, which lends to small businesses.

 

Many hedge fund firms, financial institutions, and other traditional financial groups are already investing in digital assets as the popularity of cryptocurrency continues to grow worldwide.


likes | comments 0

Profile Image

Pavan A

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
Animoca Ventures leads $1M seed funding round for Narwhal Finance

With participation from Hailstone Ventures and various angel investors, Narwhal Finance which is a decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum has announced;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.