2018-7-18 21:09 |
“I don’t have a single portfolio manager [of mine] who has told me we should buy crypto, not a single portfolio manager,” he said at the Delivering Alpha Conference in New York on Wednesday.
“I have a hard time finding myself wanting to be in a position of being a liquidity provider for a product I don’t believe in.”
The investor said he wishes the younger generation would focus on more productive activities than investing in digital currencies.
His hedge fund firm now manages more than $30 billion in assets.
The firm’s multistrategy fund, known as Wellington, was up 1.52 percent in June and 8.79 percent during the first half of the year.
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