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Bridgewater To Invest In Crypto Fund For The First Time: Sources
Summary: Bridgewater Associates, the world’s largest hedge fund, plans to invest in a crypto fund for the first time, as first reported by Coindesk, citing sources. Two sources told CoinDesk that Bridgewater currently has no intention of investing directly in the crypto asset itself, the fund to be backed is an outside vehicle. The investment is ...
Bridgewater Associates, the world’s largest hedge fund, plans to invest in a crypto fund for the first time, as first reported by Coindesk, citing sources.
Two sources told CoinDesk that Bridgewater currently has no intention of investing directly in the crypto asset itself, the fund to be backed is an outside vehicle.
The investment is small compared to the giant’s current total assets under management (AUM) of $150 billion, and several other prominent crypto investors are also in talks to invest in the fund.
Ray Dalio, helm of Bridgewater and billionaire investor, said to CNBC in early January that it is reasonable for people to hold a small percentage of Bitcoin, such as 2% of their portfolio.
By Mary Liu
Tags: Bitcoin,Bridgewater,Fund,Ray Dalio
Link: Bridgewater To Invest In Crypto Fund For The First Time: Sources [Copy]
