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Stock impact report

99% of Crypto Tokens Are Going to Zero: Fund Manager [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
That's according to Chris Solarz, the chief investment officer of digital assets at Amitis Capital, a firm which runs a crypto-focused fund of funds — meaning a fund that specializes in allocating capital to various money managers. “This is the golden age for crypto hedge fund investing," said Solarz, who used to be responsible for almost $8 billion in allocations at investor advisory firm Cliffwater, in an interview with CoinDesk. "It's an alignment of the stars. This beta, this secular tailwind… blockchain as a whole has such potential. At the same time, the money manager universe is so scarce that I feel like I'm shooting fish in a barrel being able to pick the winners.” Crypto markets are still so new that money managers are able to run the same trading strategies that they used to 35 years ago in TradFi, when hedge funds were only just emerging, Solarz said. Only 127 hedge funds existed back in 1990, managing roughly $39 billion; by 2024, those numbers had skyrocketed to o Show less Read more
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