Bridgewater Associates is the latest hedge fund giant eyeing to tap into the digital asset space with a crypto fund, according to a recent report.
While Bridgewater does not plan on allocating funds in cryptocurrencies directly, it plans to invest in an external vehicle, said CoinDesk in an exclusive report.
Founded by Ray Dalio in 1975, Bridgewater’s AUM stands at $150 billion. According to sources familiar with the matter, the size of the hedge fund’s investment is small compared to its total AUM. However, many leading crypto investors are already in talks to invest in the fund.
In January this year, the company released a report titled “The Evolution of Institutional Investors’ Exposure to Cryptocurrencies and Blockchain Technologies” in which it said the “crypto markets are now large enough to allow for positions in sizes relevant to institutional investors.”
More recently, Bridgewater revealed actively researching the space without divulging further details.
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