Alan Howard’s Elwood Targets Big Investors for Digital Assets
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Elwood Asset Management, owned by hedge-fund billionaire Alan Howard, plans a range of products to lure big institutional investors into digital assets.
The company said the new regulated products will cover the full spectrum of crypto-assets, Chief Executive Officer Bin Ren said in a phone interview. Elwood and Invesco Ltd. have already launched an exchange-traded fund tied to companies that are developing blockchain technology, the ledger tool first created to facilitate Bitcoin transactions.