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Bitwise’s move to add active strategies is driven by the rapidly growing institutional demand for liquid crypto strategies. The company’s active team will be led by a newly formed team of experts. Jeffrey ParkCFA.
With nearly a decade of experience as a crypto investor, Park was most recently a partner at an alternative manager. corbin capitalspearheaded the company’s early investments in digital assets.Prior to that, the park was harvard management company When Morgan Stanleyspecializing in fixed income and exotic derivatives.
join park Vincent Molino, led the operational due diligence of Bitwise’s active solutions. Molino has led and supported due diligence efforts for more than a decade at institutions such as: North trust, MercerWhen EnTrust Permal. In addition, Denny Penn Join the team from the multi-strategy hedge fund complex millennium management Act as a risk manager.
Bitwise’s new team will initially focus on multi-strategy absolute return solutions that exploit market inefficiencies and focus on low volatility and sound risk management.
Over the past five years, our sole focus at Bitwise has been to pioneer ways for investors to access emerging opportunities in crypto, said Bitwise CEO. hunter HorsleyAdding active strategies to our service is a big step forward in our ability to do that. We are proud to have assembled one of the teams with
The announcement comes at a time when financial institutions are increasing their interest in digital assets while valuing the space is becoming increasingly complex. The number of crypto-focused funds has grown from 31 in 2016 to over 850 today, increasing the need for active strategies that allow institutional investors to properly analyze and vette the investable universe. increase.
A new dimension of opportunity has emerged as the liquid cryptocurrency market structure has matured, said Jeffrey Park, active portfolio manager. We believe that combined with our oriented approach, we can create unique absolute return opportunities.
Bitwise has the industrys deepest bench of experts in crypto research, operational due diligence, custody, trading, risk management, and regulation to help institutional investors navigate this frontier. .”
Crypto has historically moved in four-year cycles, with a three-year rise and a one-year decline. Matt Hogan, Chief Investment Officer of Bitwise. Amidst this cycle of consolidation, many investors have been quietly working and now see opportunity.
At Bitwise, we are seeing stronger tailwinds than ever before in terms of quality. I am happy to add.
Our aspiration is simple: Bitwise is to be the leading specialist that investors trust as their cryptocurrency partner.
Francis Bignell
