Sun, Mar 25, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cryptocurrency investing: a lot of issues need to be addressed

Friday, September 15, 2017

Steve Nadel
Benedicte Gravrand, Opalesque Geneva:

As the number of hedge funds investing in cryptocurrencies or in ICOs has been rising, so have concerns surrounding such investments. Steve Nadel, hedge fund attorney and partner at Seward & Kissel LLP in New York, talks to Opalesque about those concerns.

Opalesque: Could you tell us about the issues around hedge funds investing in cryptocurrencies?

  Steve Nadel: A lot of issues need to be addressed - for example, how do you get a proper valuation? Some of these cryptocurrencies are trading on multiple exchanges. Normally, with currencies, there is a set time, a fixing price - 4 p.m. Greenwich Mean Time - when the value is assigned. That really hasn't happened here. These cryptocurrencies may be trading at potentially different values on different exchanges. So that's a big issue that needs to be addressed.

  Opalesque: What about the hedging?

  Steve Nadel: Right now it's pretty challenging to hedge. We are expecting to see some futures coming out in the future, but right now there isn't much in the way of being able to hedge these transactions.

   Opalesque: You mentioned issues concerning custodianship.

  Steve Nadel: With respect to the custodian issue, the question is how do y......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  3. Activist Investors - The seven most undervalued stocks in Larry Robbins' portfolio, Stamford hedge fund still seeking shakeup of Taubman board[more]

    The seven most undervalued stocks in Larry Robbins' portfolio From ...On February 14th, Larry Robbins' firm Glenview Capital Management filed its quarterly Form 13F regulatory filing. The firm's stock portfolio totals $18.5 billion with 58 positions according to the latest

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private