Hedge fund firm Marshall Wace has led a $25 million investment in crypto company 21.co, the parent of exchange-traded-product issuer 21Shares and token provider Amun, valuing the Swiss business at $2 billion.
Will Marshall Wace return cash to investors?
This article is for subscribers only. Hedge fund Marshall Wace is locking in capital for longer and considering returning some cash to investors. The London-based investment firm will allow quarterly withdrawals from its MW Eureka fund instead of monthly and is introducing a 25% limit, according to a letter to investors seen by Bloomberg.
What is 21shares (21shares)?
21Shares offers the largest suite of crypto- currency exchange-traded products (ETPs) in the world, making cryptocurrency invest- ing more accessible.
