Two ex-BlackRock fixed income managers have joined forces to set up a cryptocurrency hedge fund, with the aim of becoming the "BlackRock of crypto asset managers".
Adam Grimsley, who was a fixed income specialist for eight years at the fund giant, and Michael Wong, who headed up fixed income asset allocation, have teamed up to launch Prime Factor Capital with Nic Niedermowwe, who entered the crypto space in early 2017 with a market-making business. Niedermowwe will head up the new firm as chief executive while Wong and Grimsley will be CIO and head of investment solutions, respectively. IW Podcast: Unravelling the hype around Bitcoin "We want to become the BlackRock of crypto asset managers," Niedermowwe said. "Regulation is still in its earl...
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