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UK's first regulatory-authorized cryptographic asset hedge fund appeared

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Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

London-based Cryptographic Asset Hedge Fund Prime Factor Capital has been licensed from the Financial Behavior Oversight Agency (FCA) in the United Kingdom as an Alternative Investment Fund Manager (AIFM).

Prime Factor will be the first company to receive approval from the FCA as a hedge fund specializing in crypto assets, and will be able to handle assets (AUM) over 100 million euros (equivalent to 12 billion yen).

The company also has to comply with EU regulations such as third party custodian recruitment.

Although Prime Factor’s investment strategy is not public, the team has former employees of major financial companies such as BlackRock, Legal & General, Goldman Sachs and Deutsche Bank.

Adam Grimsley, CEO of the company, is aiming to gain a position as a trustworthy crypto asset fund by making investments focusing on only crypto assets.

Article Source: Prime Factor Capital

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Author: Yuya 【Coin Desk News】 – Source Post: http://destyy.com/w2jJSy

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