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UK Hedge Fund Marshall Wace to Start Investing in Crypto Assets: Report
The hedge fund plans to invest in areas such as blockchain technology, payments systems for digital currencies and stablecoins.
Hedge fund Marshall Wace plans to start investing in digital assets as interest in cryptocurrencies grows, the Financial Times said, citing people familiar with the firm’s plans.
STORY CONTINUES BELOW
- Marshall Wace plans to invest in areas such as blockchain technology, payments systems for digital currencies and stablecoins, the FT said.
- The firm, which manages $55 billion in assets, also intends to take stakes in privately owned digital finance companies, the people said.
Read more: $166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
