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Alternative Market Briefing Weekly

Opalesque Roundup: Explosion of new hedge funds focused on cryptocurrency: hedge fund news, week 31

Saturday, July 29, 2017

In the week ending 28th July, 2017, Enigma has launched Catalyst which aims to see an explosion of new hedge funds focused on cryptocurrency as an asset class; Daniel Masters launched an ethereum-subscribed ICO investment vehicle; JTC, law firm Carey Olsen and Global Advisors has confirmed the provision of fund administration and corporate services in the world's first regulated, crypto-denominated fund, the CoinShares Fund I; and Andreessen Horowitz, Sequoia Capital, Union Square Ventures, Founders Fund and Bessemer Venture Partners are secretly backing MetaStable, another cryptocurrency hedge fund.

Pershing Square Capital has filed documents to aunch two new funds; GuideStone Funds has launched a strategic alternatives fund for financial advisors and their clients; and Morgan Stanley aims to raise $500m for a new fund that will invest in niche assets that may hard to liquidate quickly and are too complicated for most private equity or hedge funds.

Paulson & Co., is closing down its 2-year-old long-short equity fund in an effort to shift strategies after a steep drop in assets.

The Preqin Hedge Fund Index was up 4.87% in H1-17 (0.57% in June); The Lyxor Event Driven Broad Index ......................

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