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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.
Updated Sep 14, 2021, 1:21 p.m. Published Jul 6, 2021, 12:42 p.m.
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.
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- 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
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