|
Briefing
|
- U.K. Approved Crypto Hedge Fund – Cryptoasset investment firm Prime Factor Capital became first crypto hedge fund in U.K. to be approved by Financial Conduct Authority (FCA) on July 1, 2019
- EU Regulations – Fund subject to European regulations under Alternative Investment Fund Manager Directive (AIFMD), allowing more than €100 million ($110.7 million) in assets under management and requiring independent custodian to verify investors’ returns and fund’s holdings
- Exclusive Crypto Portfolio – Also first U.K. investment firm to receive approval to invest exclusively in cryptocurrencies or cryptoassets
- Investors/Customers – Include professional and institutional investors, such as high net worth individuals, family offices and private wealth managers
- Founders – Include former employees from financial institutions Blackrock, Legal & General, Goldman Sachs and Deutsche Bank
|
|
Accelerator
|
|
|
Sector
|
Financial Services, Government (excluding military)
|
|
Organization
|
Prime Factor Capital Ltd., U.K. Financial Conduct Authority (FCA)
|
|
Source
|
|
|
Original Publication Date
|
July 1, 2019
|
