EMJ’s Jackson aims to take volatility out of crypto
By Karen Brettell
Dec 2 (Reuters) – With bitcoin trading well below its recent highs, hedge fund manager and activist investor Eric Jackson is betting that investors will still want exposure to crypto — just with less pain on the way down.
Jackson’s firm EMJ Capital is preparing to launch EMJX, a crypto-focused treasury company that will invest in bitcoin, ethereum and a selection of smaller cryptocurrencies.
While EMJX will buy and hold these assets, it plans to distinguish itself from other crypto treasury companies such as Michael Saylor’s Strategy Inc by being multi-asset and through active hedging, aiming to limit large drawdowns while still participating when prices rise.
Crypto treasury companies allocate…
