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Historic British hedge fund Man Group says that it will likely add bitcoin to its “investment universe” once U.S. exchange CME launches bitcoin futures contracts next month. The London-based Man Group, which was founded in 1783 as a sugar cooperage and brokerage, is one of the world’s largest hedge funds and has close to $100 billion in funds under management. Read more here...
This can be a big good news as we are about to witness the start of the CME's Bitcoin Futures in action soon maybe before the year ends or if not then the first quarter of 2018. As what I said in another post, CME's Futures can be that big catalyst for other groups to follow the leadership either by introducing the same contracts or innovations thereof. This is just the tip of the iceberg as we can see an avalanche of fund managers shifting some of the assets they are managing into Bitcoin. We should brave for more volatility though.