A recent report by Intertrust Group showed that 98% of hedge funds would likely have crypto investments by 2026. The report is based on a survey conducted earlier this year involving 100 respondents whose responsibilities are related to that of a chief financial officer.
Titled “The future hedge fund CFO: Preparing for disruptive tech and emerging asset classes,” the report noted that several hedge funds across the UK, North America, and Europe would hold crypto in the next five years. Specifically, one in six hedge funds is expected to have 10% of its investment holdings in cryptocurrency.
Jonathan White, the global head of fund sales at Intertrust Group, commented:
“From an investor perspective, CFOs are going to have to really ensure that they have those controls in place for investors to be comfortable. If one in six expect to invest more than 10% in crypto, then one in six will need to be prepared for that investment.”
This is further evidence of the increasing adoption of cryptocurrencies among global individual and institutional investors. The crypto space welcomed more investors during the recent market boom earlier this year.
Furthermore, the Intertrust Group report revealed that technology advancements drove the expectations of hedge fund managers and their investors. As a result, hedge funds plan to invest in distributed ledger functionality, while investors yearn for consistent updates on their investments.
Image Credits: Pixabay
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