Crypto Exchange Huobi Launching First Fund of Funds

Cryptocurrency exchange Huobi Global is laying the groundwork for its first fund-of-funds, according to two people familiar with the matter.

The fund-of-funds vehicle would invest predominantly in outside portfolio managers running liquid hedge fund strategies, the sources said. But it appears possible it could invest in venture capital-style plays, as well.

A spokesperson for Huobi declined to comment. It’s not clear whether the strategy would fall under the purview of Huobi Global or its venture capital affiliate, Huobi Ventures.

Cryptocurrency exchange Huobi Global is laying the groundwork for its first fund-of-funds, according to two people familiar with the matter.

The fund-of-funds vehicle would invest predominantly in outside portfolio managers running liquid hedge fund strategies, the sources said. But it appears possible it could invest in venture capital-style plays, as well.

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