Carnegie launches crypto fund
Venture capitalist, Mark Carnegie has put a stake in the ground with respect to cryptocurrency.
Carnegie has announced that his firm, MH Carnegie and Co have launched a cryptocurrency fund in partnership with blockchain expert, Sergei Sergienko in what is being described as a bid to offer Australian investors greater access to opportunities in the global digital asset space.
The new fund, the MHC Digital Asset Fund, is aimed at wholesale investors and will invest in larger, more liquid assets such as Bitcoin and Ethereum, but also early-stage investments into blockchain businesses, non-fungible tokens and second-generation digital assets.
Speaking at the launch of the fund, Carnegie said that through years of deliberation and observation his firm had become convinced of the durability and importance of the asset class.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
