According to Bloomberg, Singapore-based asset management firm Whampoa Group plans to raise $50 million for a crypto hedge fund and has announced plans to set up a venture capital fund to invest in digital assets.
According to early estimates, the company intends to set aside $10 billion for a cryptocurrency venture fund.
The Whampoa Group is a multi-family office co-founded by Amy Lee and Lee Han Shih. Amy Lee is the niece of Singapore’s founding Prime Minister Lee Kuan Yew. Both belonged to the extended family of Lee Kuan Yew, who served as the country’s first prime minister from 1959 to 1990.
Its CEO Shawn Chan said that Whampoa’s cryptocurrency hedge fund will adopt a market-neutral strategy to offset the volatility of cryptocurrencies, mainly focusing on bitcoin ແລະອີເທີ.
But occasionally other cryptocurrencies are traded while securing a favorable risk-reward.
The $10 billion private venture capital fund, likely to launch next quarter, will invest in Web 3 early-stage startups.
The Whampoa Group is looking for strategic partners with regional family offices and some large Chinese internet companies.
ການສໍາຫຼວດທີ່ດໍາເນີນໂດຍ PWC ແລະ Elwood Asset Management ຊີ້ໃຫ້ເຫັນວ່າ 47% ຂອງບໍລິສັດກອງທຶນ hedge ພື້ນເມືອງໄດ້ເຂົ້າມາຫຼືວາງແຜນທີ່ຈະເຂົ້າສູ່ຕະຫຼາດ cryptocurrency. ການຄົ້ນຄວ້າດັ່ງກ່າວໄດ້ສໍາຫຼວດບໍລິສັດກອງທຶນ hedge 39 ໃນໄຕມາດທໍາອິດຂອງປີນີ້ດ້ວຍຊັບສິນທັງຫມົດ 180 ຕື້ໂດລາພາຍໃຕ້ການຄຸ້ມຄອງ.
ໃນຂະນະດຽວກັນ, cryptocurrency hedge Fund Pangea Fund ຍົກຂຶ້ນມາ $85 million to focus on a “long-only” strategy in May.
ແຫຼ່ງຮູບພາບ: Shutterstock
Source: https://blockchain.news/news/singapores-whampoa-group-raises-$50m-for-crypto-hedge-funds