On the heels of my earlier BitCoin post, I can now tell you about the, inevitable: the arrival of a BitCoin hedge fund but not, as you might imagine, in Wall Street or, Threadneedle Street or any of the other world financial centers in Hong Kong, Tokyo or, for that matter Beijing.
Nope — it’s in the last place you might think of:
“Ever since the bitcoin crypto currency first launched and achieved initial success, institutional investors and hedge fund managers have secretly sought a regulated investment vehicle for bitcoin placements.
Now, “Malta-based Exante Ltd. has the solution with their new Bitcoin Fund”, says an Exante press statement.
“I hope our fund will be the first hedge fund to take advantage of using Bitcoins,” Says Anatoliy Knyazev in Moscow, one of Exante’s managing partners.
The fund is slated to launch this autumn.
Jon Newton — myblogdammit
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