One River Digital Buying $1B in Crypto With Hedge Fund Vet’s Blessing


Institutional bitcoin firm One River Digital is barreling toward $1 billion in cryptocurrencies under management with backing from billionaire hedge fund manager Alan Howard, Bloomberg reported Wednesday.

The newcomer, One River Digital, is an offshoot of volatility hedge fund One River Asset Management. It’s already invested $600 million in bitcoin and ether for institutional clients; CEO Eric Peters told Bloomberg that One River Digital’s crypto holdings will cross $1 billion in early 2021.

It will do so with notable ties to the traditional financial world. On Wednesday. Bloomberg also reported that Brevan Howard Asset Management co-founder Alan Howard is taking an ownership stake in One River Digital and helping providing the company with backend trading services.

Fellow British fund shop Ruffer LLP is also an investor in One River Digital. Separately Tuesday, Ruffer revealed it is holding 2.5% of its total assets under management in bitcoin.



Source link

Latest articles

75% surveyed say “No” to Bitcoin in “Money Saving Expert” poll

Martin Lewis, the self-styled “Money Saving Expert” and champion of consumer affairs for the British public, held a poll asking his followers if...

Craig Wright demands that ‘Bitcoin developers’ return him $5 billion in BTC

Litigation law firm Ontier LLP has initiated legal action on behalf of self-proclaimed Bitcoin (BTC) creator Craig Wright to recover £3.5 billion (roughly...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here