Billionaire Alan Howard to launch $1B crypto venture for institutional investors

posted 3 months ago
Hedge fund manager and billionaire Alan Howard is set to launch a cryptocurrency venture expected to manage up to $1B in digital assets. The purpose of the fund is to tackle issues related to governance of the new asset class.

Howard’s personal crypto riches are controlled by Elwood Asset Management, which is spearheaded by Bin Ren. With the help of a new platform, they will create portfolios of crypto funds for big institutional investors, which will be based on a level of risk tolerance, expected returns and liquidity terms. Ren said "I see this as a very big growth opportunity."
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