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Source: JP Morgan Chase And UBS Are Conducting Due Diligence On Crypto Hedge Funds
Summary: According to a report from The Street, three people familiar with the matter revealed that JPMorgan Chase and UBS are currently conducting due diligence on cryptocurrency hedge funds, and plan to back crypto hedge funds for the first time. According to sources, this action is the first for the two business units. The crypto strategies ...
According to a report from The Street, three people familiar with the matter revealed that JPMorgan Chase and UBS are currently conducting due diligence on cryptocurrency hedge funds, and plan to back crypto hedge funds for the first time.
According to sources, this action is the first for the two business units. The crypto strategies will be conducted through the fund-of-funds (FOF) department of the bank.
FOF is a pooled investment fund that invests in other types of funds. In other words, its portfolio contains different underlying portfolios of other funds. The main advantage of this investment tool is that it can achieve diversification with relatively low risks.
By Mary Liu
Tags: Cryptocurrency,JP Morgan Chase,UBS
Link: Source: JP Morgan Chase And UBS Are Conducting Due Diligence On Crypto Hedge Funds [Copy]
