Crypto hedge funds merge

Scale will help to open doors to big investors in the Asia Pacific. — Bloomberg

SYDNEY: Crypto hedge fund managers JellyC and Trovio Asset Management have merged as part of an effort to attract allocations from institutional investors such as pension funds.Australia-based JellyC will become the majority shareholder of the combined operation, company executives said in interviews.

Scale will help to open doors to big investors in the Asia Pacific, eventually including Australian superannuation funds, JellyC’s co-founder Michael Prendiville said.

“If we’re not at capacity, we won’t get the allocation,” he added. — Bloomberg