A cryptocurrency fund of hedge funds has been launched by a US investment manager targeting retail investors, despite recent warnings on the sector from regulators including the FCA.
The APEX Token fund, the first tokenised crypto-focused fund of funds, allows investors access to a diverse portfolio of assets managed by a selection of cryptocurrency hedge funds. It is primarily targeting retail investors and those already familiar with investing in cryptocurrencies, who want more diversified exposure to this asset class. By investing in a basket of five to 15 hedge funds, each employing uncorrelated investment strategies, the group said the fund mitigates the volatility risk which comes from investing in a single asset class, while maximising returns in the rapi...
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