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Man Group Plc to Launch Cryptocurrency Hedge Fund

London's Man Group Plc plans to introduce a cryptocurrency hedge fund, reflecting ongoing interest in digital assets post-FTX collapse.
Published on 2022-11-19

Man Group Plc Enters Cryptocurrency Market

London-based investment manager Man Group Plc is gearing up to introduce a cryptocurrency hedge fund. This move highlights the persistent interest in digital assets, even after the significant collapse of FTX earlier this month.

Launch Through AHL Trading Unit

The new hedge fund will be launched through Man Group's computer-led trading unit, AHL. This strategic decision aligns with the company's innovative approach to investment management. The hedge fund could be operational by the end of the year, showcasing a swift response to evolving market demands.

Investor Interest in Digital Assets

Despite recent setbacks in the cryptocurrency market, the investor appetite for digital assets remains robust. Man Group's initiative to launch a crypto-focused hedge fund underscores the belief in the long-term potential of digital currencies. This development is indicative of a broader trend where traditional investment firms are increasingly exploring crypto opportunities.

Conclusion

Man Group Plc's planned cryptocurrency hedge fund launch is a significant step in the financial sector's ongoing adaptation to digital assets. With the backing of its AHL trading unit, the firm is poised to capitalize on the enduring interest in cryptocurrencies. This move not only reflects confidence in the digital currency market but also reinforces the trend of traditional entities embracing the crypto space.

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