Morgan Creek and Exos Register ‘Risk Managed Bitcoin Fund’ With the SEC

Morgan Creek Capital, an investment management firm co-founded by Anthony Pompliano, has filed another Bitcoin fund with the United States Securities and Exchange Commission (SEC). Together Exos Financial and Morgan Creek Capital Management have registered the Bitcoin fund called Morgan Creek-Exos Risk Management Bitcoin Fund. The fund was filed on Thursday on November 19.

The investment firm is now looking for the approval of this fund. Once it is approved, it will provide institutional investors a new way to build exposure to the flagship digital currency. Apart from providing exposure to Bitcoin, the fund will also employ a “quantitative risk-management technique” in order to lower the volatility of returns. According to Exos Financial, all of the details revolving around the custody, transfer, and trading of Bitcoin will be managed and handled by this Bitcoin Fund.

Regarding the Morgan Creek-Exos Risk Management Bitcoin Fund, Exos Financial writes on its official website:

“The Fund will fully allocate capital to bitcoin when its indicators are positive and reduce or exit its position when its indicators turn negative.”

While talking about the world’s largest digital currency by market cap, Exos says that Bitcoin is still new, highly volatile, unproven, and highly technical. It has introduced a new asset class in the world which, according to Exos, might turn into “the big technological innovation since the internet”.

By introducing a Bitcoin fund in collaboration with Exos Financial, the leading investment fund is showing its support for the top-ranked digital currency. All of the co-founders of the firm including Mark Yusko, Anthony Pompliano, and James Williams are advocators of Bitcoin.

Recently, the Chief Executive Officer and Co-Founder of Morgan Creek Capital Mark Yusko said while talking about Bitcoin:

“Bitcoin crushed the S&P in 2019, it has crushed the S&P again this year. This is an asset that most people don’t understand.”

James Williams recently sold his 2007 Chevrolet Suburban for 0.4 BTC. He preferred to use Bitcoin as a payment method instead of a fiat currency which shows his support for the leading digital currency. Anthony Pompliano, on the other hand, is also a big advocator of Bitcoin. Back in the month of October, he revealed that 80 percent of his investment portfolio is in Bitcoin.

Leave a Reply

Your email address will not be published. Required fields are marked *