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Fortress Launching Hedge Fund

Jan 01, 2014
Jing Chen

Fortress Investment Group is reportedly launching a bitcoin investment fund.

Fortune reported that the new fund from the New York-based hedge fund firm may be an unlisted Exchange Traded Fund (ETF) and a partnership venture with San Francisco-based Pantera Capital.

26 investors contributed $147 million to the fund as of December 4.

Fortress manages about $58 billion in assets.  

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