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Author Topic: [2017-10-30] $154 Million Hedge Fund Stakes 30% of Assets in Bitcoin  (Read 1280 times)
tyz
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October 30, 2017, 08:02:57 PM
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$154 Million Hedge Fund Stakes 30% of Assets in Bitcoin

A prominent hedge fund manager has revealed that 30% of his fund’s assets are allocated into bitcoin.
Bill Miller — a former manager of the Legg Mason Value Trust mutual fund — famously beat the market for 15 consecutive years before losing 55% in 2008 as a result of the of the Great Recession. Now, Miller runs Miller Value Partners LLC, an investment firm that manages $2.3 billion assets. One of Miller’s offerings, the $154 million hedge fund MVP 1, has posted a 72.5% year-to-date gain. The secret to MVP 1’s success? Bitcoin.

https://www.cryptocoinsnews.com/hedge-fund-stakes-30-of-assets-in-bitcoin/
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October 30, 2017, 11:32:04 PM
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I have just checked their website for their latest financials and publications and checked quite a few latest publication about their great performing assets. However, I did not see the name of bitcoin is mentioned in anywhere in the website. So I doubt the legitimacy of the news of buying a huge stake in bitcoin by them. I want the news to be real because it can bring back a lot of positive energy in to the market when the people will see this actually happened. But I doubt that it was real. Probably another fake news about bitcoin.

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