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Alternative Market Briefing

Opalesque Roundup: Not all hedge funds reject the bitcoin rally: hedge fund news, week 25

Monday, June 19, 2017

In the week ending 16 June, 2017, in FinTech, hedge funds are quietly investing in bitcoin which gained over 180% last year. Most hedge fund managers have not invested in bitcoin, but those who did were some of the best performers, beating the market.

Jeffrey Tarrant is betting that a new generation of hedge fund managers proficient in machine learning processes will outperform and grow faster; Max Keiser has said $5000 per Bitcoin is "within sight" due to hedge fund activity; and Quantopian's more than 130,000 network of analysts are reportedly defining the future of investment. Hedge funds clients have reportedly petitioned Goldman Sachs' chief technician to begin covering bitcoin; Coinsilium Group has signed a Memorandum of Understanding (MoU) with HyperChain Capital; and quantum computing might be here sooner than people anticipated.

Enigma Project has launched a new platform 'Catalyst' that empowers anyone to build their own decentralized cryptocurrency hedge fund; GIC Pte has committed up to $100m to a hedge fund started by one of its former employees, David Mercurio; Ola has raised about $50m from New York-based hedge fund Tekne Capital Management; Tages Capital has launched the Tages PSAM Credit Fund with P. Schoenfeld Asset Management; Blenheim Capital Management has announced the spinoff of its Amsterdam unit; Carden Capital ......................

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