“The Bitcoin Superfund will use a combination of algorithmic and human trading to achieve a higher rate of return than a simple ‘buy-and-hold’ strategy, its founders claim. There is no specific launch date at present, but the Superfund is in the process of identifying institutional and high-net-worth investors to reach a target of £5m ($8.3m) under management at launch. However, the fund is seeking Financial Conduct Authority (FCA) approval to operate in the UK, but with the FCA yet to issue any definitive statement on bitcoin, it is unclear how long this will take or if it will be possible.”
http://www.coindesk.com/new-active-trading-bitcoin-fund-seeks-uk-investors/
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