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Laxman Pai, Opalesque Asia: Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division, CoinShares Hedge Fund Solutions, marking an expansion outside its European base.
The St. Helier, Jersey-based company aims to provide institutional investors with actively managed exposure to digital assets, said a press release from the European crypto asset manager.
"By offering a diverse range of products, across the spectrum of beta and alpha strategies with hybrids in between, CoinShares aims to cater to the unique needs of each institution, facilitating the creation of a well-rounded and optimized crypto portfolio, claimed the release.
CoinShares Capital LLC, a wholly-owned subsidiary of CoinShares and a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA), will be conducting marketing activities to qualified investors in the United States in support of CoinShares Hedge Fund Solutions' strategies and products, it said.
CoinShares' CEO, Jean-Marie Mognetti, commented on the strategic expansion: "In a changing macro environment prominently marked by interest rates and inflation, the demand for actively managed exposure to digital assets is a natural progression."
"Backed by a decade-long legacy in the digital asset industry and a team with more than two decades in hedge funds, the new division signifies the latest step in CoinShares' evolution. Our products focus on...................... To view our full article Click here
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