"For many institutional, discretionary fund managers, those funds wouldn't get cleared because the big question would be around liquidity," said James Butterfill, head of investment strategy at ETF Securities in London. 'BUBBLES, BOOMS AND BUSTS'One way mainstream money managers could get exposure is by investing in a basket of hedge funds that includes a crypto fund. But the head of hedge funds at a major European bank that invests in more than 100 hedge funds said there were no crypto funds in his portfolio. "It's unlikely that the most established hedge funds will make big bets on this because you could put your core business at risk." Advertisement Continue reading the main story"It's clear there's money piling into these funds," said Emad Mostaque, co-chief investment officer at the London office of South African hedge fund firm Capricorn Fund Managers.

Source: New York Times October 23, 2017 05:03 UTC