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In the week ending 13 October, 2017, in FinTech, cryptocurrency hedge fund cofounder Matthew Goetz claimed that bitcoin and other cryptocurrencies are like the Internet in the 1990s; Michael Novogratz sees prices of bitcoin to reach more than $10,000 in six to 10 months. And indeed a number of reports indicate that the cryptocurrency market will steadily rise, but crypto-focused hedge funds are also viewed to be bringing cryptocurrency risk into mainstream financial system, according to some experts.

While some hedge funds are loading up on cryptocurrency as they see its opportunities, Kyle Bass has described ICOs as frauds but said he is still bullish on bitcoin. Kyle Samani believes hedge funds investing or participating in ICOs as early investors and then cashing out immediately is abusive. Meanwhile banks are getting nervous of cryptocurrencies because of their reduce the need for central third-party institutions to serve as central authorities.

The SEC has ruled that digital assets can be treated as securities and fall under Federal securities law; hedge funds should also be concerned about the risk of insider trading on alternative data; Eidoo has taken out a full-page ad in the Wall Street Journal to take a dig at Jamie Dimon who recently called bitcoin a "fraud". And finally, according to some, China's ban on ICO are believed to be short-lived.

Brevan Howard is planning to launch two more funds despite battling with investor exodus; NMRQL has launched a new fund which uses machine learning algorithms in its decision making; Maverick Capital is starting two quant funds, Maverick Fundamental Quant Funds. Mercer is set to become the latest firm to launch the fi......................

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