The highly dynamic world of cryptocurrency rose to crucial news of the launch of a crypto-based portfolio platform by Alan Howard, the billionaire spearhead of Brevan Howard Hedge Fund.
According to the news, the much-anticipated portfolio solution aims to foster secured and stable investments in the digital currency market. The platform aims to become a fund-of-funds by venturing into other crypto hedge funds through the investment of its institutional clients.
Alan Howard’s crypto portfolio solution is capable of upholding $1 Billion investments in the platform. The launch of this portfolio comes in align with the bull run lead by Bitcoin’s price escalation. Based on the reports of the data firm, Hedge Fund Research, the crypto-based investment funds have shown a surge of nearly 60 percent in the first two quarters of the current year.
Bin Ren, the notable CEO of Elwood Asset Management and a blockchain fund expert, said,
Losing traditional assets in the real world is hard. In the digital world, it’s very easy to lose assets — put in the wrong address for a Bitcoin transfer and it’s gone forever.
Elwood Asset Management firm will be the driving force behind the portfolio platform. The firm that looks after the personal digital assets of Howard will now channelize the activities of his new project. The company will facilitate the launch, development, and progress path of the new pool fund. It aims to bring together business houses that live up to Elwood’s parameters which would eventually make them avoid the blow-ups.
Symbolically, Alan’s venture fund will recognize substantial firms who are willing to invest in by offering their client’s portfolio details that satisfy their potential risk patterns, liquidity demands, and diversity needs.
With further details forthcoming, Elwood opines to create unique portfolios for every single investor on its platform. The company will charge a certain amount of undisclosed expense from the investor firm along with a fee which is to be paid for getting to the mainnet fund.
Elwood has earlier also collaborated with management firms to create exceptional crypto-based ventures. One such project was when Elwood teamed up with Invesco, an investment management company, to co-launch exchange-traded finance or ETF with stakes in companies focused on blockchain pedagogy.
Earlier in March, Bin Ren said in an interview,
The only way for institutions to get meaningful exposure to digital assets has been to buy Bitcoin, but many are reluctant or unable to buy Bitcoin — and for a good reason.