Search Results for: Manager

HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management. Fund organization structure The virtual asset fund manager should always maintain the liquid capital requirement of HKD … Continue reading HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

Canadian Investment Fund Manager Receives ‘Favourable Ruling’ From Regulators to Offer Bitcoin Fund

Canadian investment fund manager 3iQ Corp. announced on Oct. 30 that it had received approval from its public hearing by the Ontario Securities Commission (OSC) for a closed-end Bitcoin fund that will be listed for trading on a major Canadian stock exchange.  3iQ announced that it had received a “favourable ruling” from the OSC for “The Bitcoin … Continue reading Canadian Investment Fund Manager Receives ‘Favourable Ruling’ From Regulators to Offer Bitcoin Fund

State Street: Most Asset Managers are Bullish on Blockchain and Crypto

Boston-based asset manager State Street published a report on industry trends in 2020, highlighting the growth of cryptocurrencies and blockchain in the financial services industry.  The survey consisted of 101 North American asset management companies; 71 % of these companies have over $100 billion in assets under management (AUM). The findings show that about 65% of the … Continue reading State Street: Most Asset Managers are Bullish on Blockchain and Crypto

Chainalysis Releases Crypto Market Intelligence Site Catered to Asset Managers and Regulators

Blockchain analysis firm Chainalysis launched Market Intel, a new website catered to asset managers and regulators for access to live crypto data and insights. Chainalysis’ Market Intel will leverage the firm’s proprietary data, which has been collecting and linking to real-world entities since 2014. Regulators and compliance professionals are currently leveraging Chainalysis on-chain data, which … Continue reading Chainalysis Releases Crypto Market Intelligence Site Catered to Asset Managers and Regulators

US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments

In an interview on CNBC’s Squawk Box program, Sandi Bragar, the managing director at Aspiriant investment management company, hinted that PayPal is working on rolling out cryptocurrencies on its platform. Bragar revealed that the Fintech giant company is currently working to make it possible for merchants (sellers and shops) to accept cryptocurrencies. PayPal On Mainstreaming … Continue reading US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments

$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin (BTC) and allowed its subsidiary, New York Digital Investment Group (NYDIG) to custody its Bitcoin. According to the official announcement, Stone Ridge purchased 10,000 Bitcoin as part of its treasury reserve strategy, similar to MicroStrategy. … Continue reading $115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset

Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC. Will millennials be to blame for US stock market failure? Cole Smead, a seasoned fund manager and head of Smead Capital Management stock market investment firm, disclosed that “young, dumb” investors have damaged … Continue reading Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager

Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst

“Bond King” Jeffrey Gundlach, the founder and CEO of the DoubleLine Capital LP said in a recent interview with CNBC TV that Bitcoin looks like a bubble ready to burst. During the interview, Gundlach admitted that he became neutral on Bitcoin after the leading cryptocurrency passed the $23,000 level. The investor said that the cryptocurrency … Continue reading Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst

Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives

Managers of crypto investment products have responded to the UK financial regulator’s warning to consumers against putting funds in high-risk investments. The UK’s Financial Conduct Authority (FCA) recently imposed a ban on the sale of crypto-related derivatives to retail investors, which included exchange-traded notes (ETN). Last week, the regulator also renewed its warning that anybody … Continue reading Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives

Crypto.com Appoints Former Visa Country Manager Patrick Yoon in Charge of South Korea Operations

Cryptocurrency exchange Crypto.com appointed Patrick Yoon, former Visa country manager, as the general manager of the South Korea region to be in charge of South Korea and Mongolia market. Crypto.com, a Hong Kong-based digital cryptocurrency exchange found in 2016, has experienced substantial growth in the past 12 months, adding more than 1,500 employees. Currently, it has more … Continue reading Crypto.com Appoints Former Visa Country Manager Patrick Yoon in Charge of South Korea Operations

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