Neuberger Berman, which guidelines $ 400 billion asset, will start working with products based on cryptocurrency through a subsidiary.
According to the US Securities and Exchange Commission (SEC), entering the digital assets market will be implemented through the Neuberger Berman Commodity Strategy Fund investment fund. Until now, this unit specialized in investments in derivatives in agriculture, animal husbandry, energy and precious metals. Since since 2015, cryptocurrencies are recognized in the US to the goods, then actually the fund will continue to work in the commodity direction.
The application states that Neuberger Berman plans to manage investments in digital assets through their derivatives, such as futures contracts for Bitcoin and Etherumer, as well as investment in cryptocurrency trusts and trading platforms.
In the spring of 2021, the company published an article about Bitcoin, in which he noted that the first cryptocurrency phenomenon deserves attention. Although from the point of view of the assets of assets, the investment in this sphere should not be considered as part of the standard capital distribution.
Neuberger Berman perceives them as a way of additional insurance against the background of uncertainty and waiting for a long-term increase in inflation. In this case, the key factors for the growth of value cryptocurrency, the company considers the limitations of emissions and unconquality to a person.
Such a step of the manager is due to an increase in interest in the market of digital assets by institutional investors. According to a recent study of the Intertrust Group, in the next 5 years, hedge funds are planning to invest in cryptocurrency
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