According to the news of Coindesk, the world's largest hedge fund is making plans to invest in a financial instrument other than its portfolio. Unnamed sources also conveyed the information that the investment could not be directly in crypto assets.
Last year, Bridgewater boss Ray Dalio announced that he would personally invest in Bitcoin. In addition, Bridgewater, which is the largest hedge fund in the world with a fund of 150 billion dollars under its management, gives a strong signal that it evaluates cryptocurrencies as an asset class with the latest development.
While the hedge fund has not yet made an official statement on crypto money investments, those who express their opinions on this issue claim that the company will be able to invest in crypto markets in the middle of 2022. Additionally, it is said that indirect cryptocurrency investment will be made with a small portion of the amount under management of the company.
On the other hand, the company published a report in January titled “The Evolution of Institutional Investors Exposure to Cryptocurrencies and Blockchain Technologies”. In this report, it was seen that the hedge fund explored the cryptocurrency markets in depth.
In the news on the subject, it is reported that Bridgewater will follow in the footsteps of hedge funds such as Marshall Wace, Point72 and Brevan Howard, which established crypto money funds in 2021 or invested in various crypto companies.
As Coindesk reported, a Bridgewater spokesperson previously confirmed via email that his company continues to actively research cryptocurrencies, while expressing that they are not planning to invest in crypto yet. No response was given regarding this latest development.
Bridgewater founder Ray Dalio also comes to the agenda of the crypto money industry with his comments from time to time. Dalio warned in his recent comments that cryptocurrencies are seriously on the regulatory radar. In addition, the billionaire businessman suggested that investors invest in Bitcoin with 1 percent of their portfolio.