99% of Crypto Tokens Are Going to Zero: Funds Manager
There’s never been a better time to allocate money to crypto hedge funds.
That’s according to Chris Solarz, the chief investment officer of digital assets at Amitis Capital, a firm which runs a crypto-focused fund of funds — meaning a fund that specializes in allocating capital to various money managers.
“This is the golden age for crypto hedge fund investing,” said Solarz, who used to be responsible for almost $8 billion in allocations at investor advisory firm Cliffwater, in an interview with CoinDesk. “It’s an alignment of the stars. This beta, this secular tailwind… blockchain as a whole has such potential. At the same time, the money manager universe is so scarce that I feel like I’m shooting fish in a barrel being able to…
