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Bloomberg: Hong Kong Family Office with $4 Billion AUM Ventures into Cryptocurrency for the First Time
Summary: Bloomberg reports that a wealth manager serving some of Hong Kong's wealthiest individuals will begin investing in cryptocurrency, as a more favorable regulatory environment is attracting more investors to the digital asset space. VMS Group, a multi-family office managing close to $4 billion in assets, plans to allocate up to $10 million to strategies managed ...
Bloomberg reports that a wealth manager serving some of Hong Kong's wealthiest individuals will begin investing in cryptocurrency, as a more favorable regulatory environment is attracting more investors to the digital asset space.
VMS Group, a multi-family office managing close to $4 billion in assets, plans to allocate up to $10 million to strategies managed by decentralized finance hedge fund Re7 Capital. VMS Managing Partner Elton Cheung stated in an interview that the final investment amount has not been determined yet.
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Link: Bloomberg: Hong Kong Family Office with $4 Billion AUM Ventures into Cryptocurrency for the First Time [Copy]
