Crypto Wunderkinds Secure $85 Million to Start Own Hedge Fund – Bloomberg

Crypto Wunderkinds Secure $85 Million to Start Own Hedge Fund – Bloomberg

Blockchain Crypto Market Technology
May 5, 2022 by Coinvasity
17
Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.German payments company Wirecard was the darling of the nation’s fintech industry.
wp-header-logo-70.png

Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.
The economy and markets are “under surveillance”. Bloomberg Surveillance, covering the latest news in finance, economics and investments.
German payments company Wirecard was the darling of the nation’s fintech industry. Then came the admission that almost $2 billion of the company’s funds had gone missing.
Russia Fallout Hits $7 Billion for European Banks Pulling Back
European Power Prices Climb to Year’s High on Sanctions Threat
Elon Musk Secures $7.1 Billion in New Financing for Twitter 
Ex-Arsenal Star Flamini Takes CEO Role at Own Chemical Startup
MaxLinear Is in Talks to Buy Chipmaker Silicon Motion
U.S. Threat to Sanction Hikvision Shows China Ties Near a Tipping Point
Germany Rents Floating LNG Hubs to Cut Reliance on Russian Gas
One of Eastern Europe’s Richest Families Seeks to Diversify Fortune
Maradona’s  ‘Hand of God’ Jersey Breaks Babe Ruth Record With $9.3 Million Sale
FIFA Receives 3 Million Ticket Requests for World Cup Final in Qatar
Dry-Aging Fish: Why ‘Fresh’ Is No Longer Seafood’s Key Virtue
It’s a Long, Bumpy Road Back to 2% Inflation
Central Bankers Are Handcuffed by Old Narratives
Musk’s Twitter Can Be Good for Activists and Business
How Managing by Moonshot Doomed Zillow’s Home Flipping
Stock Market Bottom-Fishers Are Trawling Risky Waters
The Abortion Pill Is the Next Battleground If Roe Is Reversed
Tesla Ex-Contractor Seeks to Appeal Reduced Racism Verdict
Donations Are Pouring In for Abortion Rights Organizations
U.S. Forgives $6.8 Billion in Public Service Worker Student Loans
California’s All-Renewable Moment Shows the Future of the Power Grid
Bill Gates Says Shorting Tesla Isn’t Hurting the Environment
How Face-Me-I-Face-You Homes Became a Way of Life in Lagos
As Warsaw Reaches Refugee Capacity, Mayor Pleads for Europe-Wide Help
What Should Ukraine’s Reconstruction Look Like?
Coinbase’s NFT Marketplace Opens to All, But Users Don’t Show Up
Bitcoin Miner Marathon Posts Loss After Impairment Charge
Bored Ape Thefts on Instagram Are Crypto’s Latest Hack Headaches

A couple of up-and-coming crypto market participants are starting a hedge fund that will focus on a “long-only” strategy after receiving $85 million in funding from some of the sector’s most prominent proponents. 
Ryan Watkins, a 25-year-old former analyst at Messari Inc., and 26-year-old Daniel Cheung, who worked at Jennison Associates LLC, said they’ve formed Pangea Fund Management. They said they’re being backed by investors that include Bain Capital and ParaFi. Other participants in the funding round include Brad Burnham, co-founder of Union Square Ventures, Apollo Global Management co-founder Josh Harris, as well as “crypto natives” such as Do Kwon from Terraform Labs, Alameda Research and Multicoin Capital’s Kyle Samani.   

source

Add a comment