Man Group Readies Crypto Hedge Fund Despite FTX Chaos
- The new strategy is led by Man AHL’s money manager Andre Rzym
- The launch is subject to the firm’s counterparty risk measures
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Man Group Plc is close to starting a dedicated cryptocurrency hedge fund, delving deeper into a market that’s reeling from the collapse of exchange operator FTX.
The world’s largest publicly-traded hedge fund firm has been developing the strategy led by money manager Andre Rzym for months, according to people with knowledge of the matter. The firm’s computer-led trading unit AHL is planning to start the fund as soon as the end of the year, said the people, asking not to be identified because the plan is private.