“‘It’s too controversial and too illiquid for most hedge funds,’ said Jason Ader, CEO of Owl Spring Asset Management, a $225 million hedge fund focused on activist investing. Still, he’s not surprised Novogratz lent his name to a Bitcoin endorsement given the fact that the venture capital world is heavily invested in them, albeit tangentially. ‘I think it’s something that would be hard to ignore. The number that I see that’s fascinating is that almost $200 million in VC money has now been invested in various Bitcoin-related startups.’ According to Ader, Bitcoins must shed their questionable regulatory status before big-name hedge funds and investors buy into the hype.”
http://www.buzzfeed.com/mariahsummers/bitcoin-still-a-bit-player-for-hedge-funds
Tip Freedomwat.ch Staff with Bitcoin