London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling continued investor appetite for digital assets in the wake of FTX’s monumental collapse earlier this month.
Bloomberg reported on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its computer-led trading unit AHL. Citing private sources, Bloomberg disclosed that the new hedge fund could be ready by the end of the year.
A spokesperson for Man Group declined to comment on the matter when asked by Cointelegraph.
Man Group already has exposure to digital assets through AHL, which actively trades crypto futures. By the end of September, Man Group had $138.4 billion in assets under management, down slightly from $142.3 billion during the previous quarter.
The company trades publicly on the London Stock Exchange and is a component of the FTSE 250.
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