Some US Universities are investing in crypto hedge funds

06 Jun, 2018
by Ryan McInally
News
Some US Universities are investing in crypto hedge funds

According to lawyer John Lore, who specializes in cryptocurrency hedge funds, some Universities on the East Coast have begun making small investments into digital assets.

Most academic institutions currently see investing money in digital assets as too risky, but some are willing to gamble a bit. In a recent interview with Business Insider, Lore spoke about the growing interest of academic institutions to invest capital in digital assets.  

Lore founded The Capital Fund Law Group to provide specialized expertise in the cryptocurrency investment space. They’ve already worked with 30 digital currency hedge funds to provide services to clients. Lore’s services are useful as much of the cryptocurrency space is unregulated and individuals or institutions are at a loss when navigating their way through the murky waters of regulation.

Lore did note that academic institutions aren’t throwing large sums of their wealth into cryptocurrency, as he says they are only “putting in very small percentages of their net worth.”

Most recently in the realm of academia and cryptocurrencies, the Ripple foundation donated $50 million to a list of 17 “prestigious” Universities who specialized in technology. For a full list of the Universities who will receieve funding, click here.

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