TechFlow news — On August 27, according to Coindesk, cryptocurrency bank Xapo and Hilbert Capital, the asset management division of Swedish investment firm Hilbert Group, announced plans to jointly manage a bitcoin-denominated hedge fund with an initial capital of $200 million. The fund is expected to officially launch in September and will be open to corporations, institutional clients, and professional investors.
Joey Garcia, director at Xapo, said offering participants products that not only provide exposure to bitcoin's price but also enhance the value of bitcoin investments through structured strategies represents a natural evolution for this asset class. Specific fee structures have not yet been disclosed, but both companies stated they will be lower than those of traditional "2 and 20" hedge funds.
