How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
The "funds of funds" specializes in giving investors access to other hedge funds. The Latin American crypto market is still very small, Hyla CEO Paola Origel told CoinDesk, but it's filled with opportunity. There's a big business opportunity for crypto funds focused on Latin America. That's according to Paola Origel, the CEO and co-founder of Hyla Fund Management — a firm that invests in other hedge funds on behalf of its clients — with $115 million assets under management. “Many big funds like Sequoia and a16z have been trying to capture that market, but it's very fractionalized and challenging to break in because of the difference in culture,” Origel told CoinDesk in an interview. “You really need boots on the ground, people who understand the market and communicate opportunities to founders.” “In Latin America, and specifically in Mexico, there are very few venture capital funds," she continued. "They're almost non-existent … I scouted the entire region for the best mana
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