14 Nov '17, 5pm

Man Group is ready to add bitcoin to its 'investment universe'

Man Group is ready to add bitcoin to its 'investment universe'

George Rotariu uses the first bitcoin ATM in downtown Bucharest June 27, 2014. Bogdan Cristel/Reuters Man Group, a UK-based investment management firm, said it would include bitcoin in its "investment universe" if bitcoin futures successfully launch. CME, the world's largest exchange group, said it would launch a bitcoin futures product by year-end. Such a product could open the door to more traditional Wall Street firms entering the bitcoin market. One of the largest hedge funds in the world might hop on the bitcoin trade. Luke Ellis, the CEO of Man Group, the UK-based investor with $95 billion in funds under management, said the firm would include bitcoin in its "investment universe" if bitcoin futures successfully launch, according to a Reuters report . Ellis said during the Reuters Global Investment Outlook Summit in the UK that cryptocurrencies "are an interesting thi...

Full article: http://www.businessinsider.de/bitcoin-futures-man-group-2...

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