Crypto Funds Continue to Attract New Investors
22 Febrero 2019 - 11:22AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
February 22, 2019 -- ADVFN Crypto NewsWire -- Yesterday, we posted
on the subject of the shift in portfolio strategy that crypto funds
are experiencing because of the bear market. Today, on the heels of
the announcement that Pantera Capital will be following Morgan
Creek Digital into the world of endowments and pensions, CoinDesk
broke the news that earlier this week, the University of Michigan
decided to invest in the crypto world once again.
Reportedly, they had effectively
already pledged $3 million from their principal endowment fund in
2018, though since the fund is valued at $12 billion, their initial
move into crypto a relatively minimal amount of risk. As of now,
the exact amount of their planned 2019 investment into Andreseen
Horowitz’s crypto fund, which is the same one they contributed to
last year, has not been specified.
It is reasonable to assume that
this year’s investment could be larger, if Pantera and Morgan Creek
Digital’s recent fundraising is taken into account and yet, at the
same time, matters are far from certain in this regard.
Given the fact that Andersen
Horowitz already trusted by other universities like Yale as a
reliable authority on crypto investing, it would seem that their
fund is more likely to experience large investments from
universities than others. Simultaneously however, as CoinDesk’s
article today reminds us and as we suggested above, Morgan Creek
Digital and Pantera can be said to stand on the same
footing.
However all of these factors shake
out, it appears that 2019 will truly be the year of institutional
investments, though it is currently difficult to say how large they
will grow as time goes on. Perhaps companies like Cambridge
Associates, which advises endowments on their investments, will
continue to be major players as this saga develops.
By: BGN Editorial Staff
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