Academic institutions in the US have started making small investments into cryptocurrency hedge funds, according to a lawyer working in the industry. These universities are getting involved on a limited basis for strategic reasons, the founder of Capital Fund Law Group, John Lore said,
“I can’t say the names because that’s attorney-client but we have people mostly on the East Coast that have begun doing investments in this space on a fairly modest basis”
The New York-based law group specializes in providing legal services to the hedge fund industry. The Capital Fund Law Group are emerging as specialists for the cryptocurrency investment space. They’ve already advised around 30 digital currency hedge funds. The firm has helped potential providers navigate the space that still suffers from a lack of regulation. Lore commented that most of the investment that he’d seen in crypto hedge funds was coming from ‘high net worth individuals and, on a very limited basis, family offices.’
Lore said that the majority of investment in these new funds comes from “high net worth individuals and, on a very limited basis, family offices.”
“Yes there are investors but at this point, investors are putting in very small percentages of their net worth as we would expect and as I believe is appropriate,”
Regarding the institutional adoption of cryptocurrency, He highlighted that the trend amongst the universities he’d worked with was something of an exception:
“We see academia as a tie between these somewhat young and enthusiastic fund managers and capital raising.”
Universities have been growing increasingly interested in cryptocurrencies and the blockchain technology that underpins it. Leading academic institutions, such as Cambridge and Oxford, have introduced crypto and blockchain related courses.
In December, the Belarusian National Technical University announced a diploma course covering cryptocurrencies, derivatives, and ICOs. In April, the Fundacao Getulio Vargas University in Sao Paulo launched “Brazil’s first Master’s degree in cryptofinance.” It has been reported that North Korea’s Pyongyang University is also offering educational courses on cryptocurrencies.
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