$1T money manager Wellington Management looking to add crypto into some of its portfolios

posted about 1 year ago
Wellington Management Co. to the list of mainstream investors getting serious about digital coins.

The Boston-based firm with $1 trillion under management is considering including cryptocurrencies in some portfolios, it said in a February report from a team that includes equity research analyst Matthew Lipton and trading technologies principal Lee Saba. The company’s systems were upgraded to enable trading in Bitcoin derivatives, and Wellington has started taking positions in companies related to cryptocurrencies.

“Various Wellington teams are already positioning portfolios to take advantage of mining and blockchain implementations by, for example, investing in select chipmakers making components” for tracking and creating digital coins, the report said, without naming specific stocks.
Tags: bitcoin, news