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

Top U.S. universities invest in crypto funds

Friday, October 12, 2018

Laxman Pai, Opalesque Asia:

At least five of the world's major universities, including Harvard, Stanford and MIT, have invested in cryptocurrency funds.

Following reports that Yale invested in the cryptocurrency investment fund Paradigm, more members of the prestigious Ivy League have reportedly invested in cryptocurrency funds.

According to a report by The Information, the endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina have invested into at least one cryptocurrency fund.

"While many institutions have been reluctant to invest directly in cryptocurrency because of a lack of technical knowledge and uncertainty about how to store the assets securely, the move by some top universities means that several of the most high-profile institutions in the country are finally ready to enter the sector," said the report.

A report in Bitcoin News said that these are some of the highest caliber universities in the United States, all with endowments in excess of USD 1 billion, and can be considered institutional investors.

These five universities follow the lead of Yale University, which invested some of its USD 30 billion endowment in two crypto funds. Yale is investing in the cryptocurrency fund Paradigm that is comprised of Coinbase co-founder Fred Ehrsam, Sequoia Capital's Matt Huang, and Charles Noye of Pantera Capital.

Yale's fund is led by David Swensen, a......................

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Stock slump aftermath: Hedge funds got caught long and wrong before stock slump, The huge 'blackout' that may be deepening market turbulence, Market veterans don't see the bottom yet: 'More selling is yet to come', Hedge funds hold up in rout as defensive stance finally pays off, Rally erupted in gold market days after funds made big bear bet[more]

    Hedge funds got caught long and wrong before stock slump From Bloomberg: In a moment of bad market timing, hedge funds had increased their bullish bets on U.S. stocks to the highest since February, and second-highest in five years, just before last week's sell-off. Speculative net

  4. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  5. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori