Crypto Exposure Green-Lit by Neuberger Berman Investment Manager

Neuberger Berman filed a commodity-focused fund with the SEC to gain exposure to cryptocurrencies by investing in bitcoin and Ethereum.

Neuberger Berman Commodity Strategy Fund will acquire exposure to Bitcoin and Ethereum futures at a later SEC filing for a fund focused on commodities. Using regulated futures, trusts, and exchange-traded funds, Neuberger Berman will gain exposure to cryptocurrencies for the first time. fund, which reportedly has more than $ 160 million in assets under management, will invest primarily through a subsidiary to gain this exposure. Overall, the company’s total assets under management exceed $ 400 billion.

statement states that “Assets of the Fund not invested either in the Subsidiary or directly in derivative instruments related to commodities will generally be invested in fixed income securities, cash or equivalent instruments or money market mutual funds.”

According to the SEC filing, the Neuberger Berman Commodity Strategy Fund currently invests primarily in “commodity-related futures contracts through a wholly owned subsidiary.” company is currently run by Hakan Kaya, Thomas Sontag, David Wan and Michael Foster. most important asset of the fund is gold, which represents almost 8% of the shares. Corn and oil complete the first three places with 7% and 6.6% respectively.

Crypto to protect against inflation

Neuberger Berman says the goal of the switch to cryptocurrency was designed to increase the fund’s use as a hedge against inflation. In the meantime, however, he believes that price developments could be another source of income and help diversify his portfolio.

Also Read Top 5 Altcoins To Look For In November!

Neuberger Berman stated in a blog post from March that “from our point of view, the bitcoin phenomenon is worth a close look.” blog goes on to caution that “Those with exposure should understand the speculative nature of their investment and, despite potential windfall profits, be prepared to part with nearly all of their committed capital.”

news comes in the wake of Neuberger Berman’s compilation of Form D with the SEC to be disclosed as a hedged cryptocurrency volatility fund. fund has yet to make a deposit sale that recognizes a minimum investment accepted by any outside investor of $ 5 million.


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