media: hedge fund Marshall Wace prepares to invest in cryptocurrencies – Bits Media

Marshall Wace Hedge Fund, which manages the assets on $55 billion, plans to start investing in cryptocurrency companies and directly in digital assets.

This is reported by the Financial Times, citing "sources, familiar with the operations of the fund ". Manual Header plans to invest in cryptocurrency startups, at the late stage of development. We are talking about a variety of companies: projects for the production of stable cryptocurrencies, payment systems with digital assets support, and firm, working in the field of blockchain.

Previously founded by Paul Marshall (Paul Marshall) The Marshall Wace Foundation invested in the Circle payment company, which has launched a popular USDC stablecoin. The British hedge fund participated in the May round of financing Circle, in the framework of which the company gathered $440 million.

Besides, Sources report, that the fund will and directly invest in cryptocurrencies. There are no details about the amounts of investments yet, As well as data about, What coins are planned to buy.

Earlier, investments in cryptocurrencies announced
Another large British Hedge Fund-Brevan Howard Asset Management.

In mid-June, Financial Times conducted a survey of financial directors of hedge funds and turned out to be, that five years before 7% funds under the control of funds will be placed in digital assets.