Tue, Jun 18, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cryptocurrency hedge fund of funds BitBull Capital opens to outside assets

Monday, October 30, 2017

Bailey McCann, Opalesque New York for New Managers:

The hedge fund glory days are back...if you invest in cryptocurrencies. More than 100 cryptocurrency hedge funds have been launched since 2014, according to research by Autonomous Next. And, as Opalesque reported just last week, a market maker has entered the cryptocurrency space in an effort to institutionalize the system. So it's no surprise then that hedge fund of funds are entering the market to provide broad-based access to this new group of managers.

San Francisco-based BitBull Capital, a cryptocurrency fund of funds created in 2016, has started accepting outside assets. BitBull is part of Stanford's StartX startup incubator and is managed by Joe DiPasquale, a technology entrepreneur. Prior to BitBull, DiPasquale started ReGroup, a provider of mass notifications for enterprises. DiPasquale has been investing his own money in cryptocurrency and blockchain companies for the past four years.

DiPasquale tells Opalesque that with all of the new crypto funds launching each month, it can be difficult for investors to research every manager and a fund of funds can provide lower risk access. "We have a process......................

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. Study shows alignment between seeders and hedge fund managers is improving[more]

    B. G., Opalesque Geneva for New Managers: US law firm Seward & Kissel has just published its Seed Transaction

  2. Trends: Hedge funds increasingly ditching 2 and 20[more]

    Chronic lackluster performance is gradually pushing hedge funds away from the traditional "2 and 20" fee structure to other methods. This trend is emerging as hedge fund fees get squeezed across the board. Average management fees declined to a record low of 1.43% in the first quarter of 2018. N

  3. News Briefs: Selling a stake in a PE management company is fine, say LPs, depending on the GP's motivation, Investment companies need to reimagine for whom and how they create sustainable value, Does your portfolio need a quant fund?, Meet the power players at the SoftBank Vision Fund, 'Talking his own book': Hedge fund manager pans Eisman's short call[more]

    Selling a stake in a PE management company is fine, say LPs, depending on the GP's motivation Opalesque Industry Update - Two thirds of investors will support a GP decision to sell a stake in its management company if it is to facilitate generational change at the business or to strengt

  4. Investing: Hedge funds are very bullish on Lyft, Hedge fund manager Stanley Druckenmiller sells almost all stocks, Short-seller pain that began Monday just switched to a bloodbath, Josh Friedman, the hedge fund titan, is spending $1bn to short the commercial real estate market[more]

    Hedge funds are very bullish on Lyft From Yahoo: Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates.

  5. PE/VC: Private equity raking over US-China trade war debris for bargains, Your next check could be cut from one of these atypical VC firms[more]

    Private equity raking over US-China trade war debris for bargains From Finance Asia: Disruption caused by the fractious relationship between the world's two biggest economies spells opportunity for the nimblest investors. Funds are looking to potentially bridge gaps in broken supply chain