CandleFocus

Crypto hedge fund managers JellyC and Trovio merge to attract pension fund investment

Crypto hedge fund manager JellyC has merged with Trovio Asset Management in Singapore, with the aim of attracting larger investments from institutional investors, including pension funds. JellyC will hold the majority of shares in the merged business, which hopes to increase total assets from the current level of $166.5 million to $250 million AUD. The merger is targeting investors in the Asia Pacific region, particularly Australian pension funds. Although Australia has not yet invested its pension funds in digital assets, industry insiders believe this will change as the country introduces crypto regulations. Other countries, such as Japan and South Korea, have already allocated pension funds to crypto-related assets.

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