Bridgewater ready to invest in its first cryptocurrency fund? The contract will be implemented in the first half of the year

Bridgewater Associates, the world’s largest hedge fund group founded by well-known manager Ray Dalio, is rumored to be preparing to invest in the first cryptocurrency fund.

CoinDesk reported on the 22nd, citing unnamed sources, that Bridgewater intends to invest in an external tool and has no plans to directly invest in cryptocurrency assets. This is a clear signal that Bridgewater is starting to take cryptocurrencies seriously as an asset class. Dalio revealed in May 2021 that he has personally started investing in Bitcoin.

Bridgewater manages as much as $150 billion in assets, making it the world’s largest hedge fund. The news pointed out that compared with the total assets under management (AUM), Bridgewater’s cryptocurrency investment is only a drop in the bucket, and other well-known cryptocurrency investors are negotiating the investment of this fund.

A Bridgewater representative told CoinDesk via email on Feb. 22 that Bridgewater is still actively researching cryptocurrencies and has no current investment plans.

The report quoted sources as saying that the Bridgewater plan should be implemented in the first half of 2022, and they are preparing to put a small portion of the fund directly into digital assets. Another person familiar with the details said Bridgewater was looking for opportunities to tap into the market.

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