The British Government's Financial Regulator Authorized The First Hedge Fund for Virtual Currency (cryptographic asset)

The London-based virtual currency (cryptographic asset+) hedge fund's Prime Factor Capital has obtained approval from the British Financial Supervisory Service to operate as an Alternative Investment Fund Manager (AIFM).

Prime Factor Capital is a virtual currency (password asset) hedge fund that first became an FCA-certified entity and is now capable of handling more than 100 million euros (worth $120 billion) in assets (AUM).

So far, the investment strategy of Prime Factor Capital has not been disclosed, but the team is known to be comprised of employees with experience working for famous financial companies such as Black Rock, Legal and General, Goldman Sachs and Bank of Germany.

Adam Grimsley, the CEO of Prime Factor Capital said, "by allowing virtual currency to play a role in asset type and investing, we will aim to achieve our position as a reliable cryptocurrency fund."

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