Hedge Funds
According to Bloomberg, a member of his family office received internal approval to trade cryptocurrencies, an asset that most traditional money managers have avoided due to the sector’s limited track record, lack of regulation, and volatility. Adam Fisher, head of macro investing for Soros Fund Management, received the approval, but he has yet to make any bets on cryptocurrencies, Bloomberg said, citing people familiar with the matter. The fund’s green light for cryptocurrency trading comes after the price of Bitcoin, which has served as a bellwether to other cryptocurrencies, has tumbled in 2018.

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