Sun, May 20, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Money managers debate blockchain at CAIS

Friday, February 09, 2018

Bailey McCann, Opalesque New York:

Are bitcoin and blockchain the harbingers of financial revolution or financial fraud? Panelists at the Cayman Alternative Investment Summit (CAIS) were heavily divided. Morgan Creek CIO Mark Yusko kicked off the Summit with a 30-minute presentation on digital assets including bitcoin and its underlying distributed ledger technology. "I'm seriously thinking about how to re-orient my business around this stuff," he told a packed audience. "It's no surprise that the most vocal critics of bitcoin are the people being disrupted by it."

In Yusko's view, current financial systems and fiat currencies were inevitable targets for disruption. There is too little trust in the banking system and people that live under despotic governments have an obvious demand to protect their assets in a way that isn't easily controlled by the state. To an audience of money managers and allocators, Yusko made the crypto-bull case - digital currencies are only going to grow. The decentralized nature of blockchain technology is fairer and allows for independent verification of all sorts of transactions that can and should be digitized.

But not everyone was convinced that the technology is ready for prime time. Many panelists agreed that blockchain is likely here to stay, but a significant amount of governance and digitization work will be needed before it can be viable for financial services. A consensus seemed to be forming around a closed, ......................

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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven