“We’re seeing some academic institutions getting involved on a limited basis for strategic reasons,” said John Lore, the founder pf Capital Fund Law Group. The group has advised around 30 crypto hedge funds on setting up.
LONDON – Some universities on the east coast of the US have begun making small investments into cryptocurrency hedge funds, according to a lawyer in the industry.
John Lore, the founder of Capital Fund Law Group, told Business Insider: “We’re seeing some academic institutions getting involved on a limited basis for strategic reasons.
“I can’t say the names of [the academic institutions] because that’s attorney-client but we have people mostly on the East Coast that have begun doing investments in this space on a fairly modest basis.”
New York-based Capital Fund Law Group specialises in providing legal services to the hedge fund industry and has advised around 30 cryptocurrency hedge funds on setting up over the last year, according to Lore.
Lore said that the majority of investment in these new funds comes from “high net worth individuals and, on a very limited basis, family offices.”
“Yes there are investors but at this point, investors are putting in very small percentages of their net worth as we would expect and as I believe is appropriate,” Lore said.
Source/More: Some universities are starting to invest in cryptocurrency – Business Insider