Bitcoin Forum
June 15, 2024, 12:34:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-07-06] Former Bain Manager Launches $50 Million Bitcoin and Ethereum Fund  (Read 3235 times)
tyz (OP)
Legendary
*
Offline Offline

Activity: 3360
Merit: 1533



View Profile
July 06, 2017, 06:41:59 PM
 #1

Former Bain Manager Launches $50 Million Bitcoin and Ethereum Fund

Some of the wealthiest families in Latin America now have access to a new way to invest, thanks in part to a former senior manager at consulting firm Bain & Company.
Announced today, the newly formed Crypto Assets Fund, co-founded by former senior manager at Bain, Roberto Ponce Romay, is helping to raise $50m with the purpose of buying cryptocurrencies for family offices. Revealed exclusively to CoinDesk, Crypto Assets Fund (CAF) will invest directly in bitcoin, ether, zcash, ripple, litecoin and dash.
The first tranche of the fund, estimated to be valued about $10m, is in the final stages of closing, and is expected to be announced by the end of this month.

http://www.coindesk.com/former-bain-manager-launches-50-million-bitcoin-ethereum-fund/
panju1
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000



View Profile
July 07, 2017, 01:07:44 AM
 #2

Former Bain Manager Launches $50 Million Bitcoin and Ethereum Fund

Some of the wealthiest families in Latin America now have access to a new way to invest, thanks in part to a former senior manager at consulting firm Bain & Company.
Announced today, the newly formed Crypto Assets Fund, co-founded by former senior manager at Bain, Roberto Ponce Romay, is helping to raise $50m with the purpose of buying cryptocurrencies for family offices. Revealed exclusively to CoinDesk, Crypto Assets Fund (CAF) will invest directly in bitcoin, ether, zcash, ripple, litecoin and dash.
The first tranche of the fund, estimated to be valued about $10m, is in the final stages of closing, and is expected to be announced by the end of this month.

http://www.coindesk.com/former-bain-manager-launches-50-million-bitcoin-ethereum-fund/

Hmm.. A lot of people will rush to the fund, seeing an expected target return of 71%.  Tongue
I wonder what will happen when the fund fails to achieve this.



Now, based on previous growth trajectories of CAF’s crypto-assets, the fund lists a minimum target return of 26% per year for three years with an "expected" target return of 71%.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!