US Asset Manager With $45bn in Assets Invests in Bitcoin

A US asset-management firm GoldenTree Asset Management invested part of its capital in Bitcoin. According to The Street, citing informed sources.

According to the report, its management is also considering hiring specialists in cryptocurrency investments. The firm regards digital gold as an acceptable diversifier for portfolios focused on fixed income securities.

GoldenTree manages credit assets worth more than $45 billion. Founded in 2000, the firm specializes in high-yield bonds, leveraged loans (leveraged loans) and riskier structured products.

In early July, GoldenTree founder and Chief Investment Officer Steven Tananbaum, together with partners Dibom Salem and Joseph Naggar, invested in Borderless Capital, a venture fund focused on the HNT token of the Helium ecosystem.

We are excited to announce the close of our $10M staking and mining https://t.co/5aB8CjQ5Mn. We look forward to help enable DeFi and CeFi applications for @helium $HNT on top of the @Algorand blockchain!https://t.co/NV3j99mA8A

— Borderless Capital (@borderless_cap) July 7, 2021

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Earlier, Borderless Capital helped the Algorand startup launch the Eterna Borderless Venture Studio program to fund projects building applications on its blockchain.

According to Zeno Staub, head of Swiss private bank Vontobel, some wealthy clients are interested in moving part of their assets into cryptocurrencies.

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