Lewis Fellas, a former portfolio manager at Harvard University’s $35.7 billion endowment, is planning a hedge fund that invests in digital currencies such as bitcoin.
Fellas is Bletchley Park’s chief investment officer, and Ronnie Potel, a former executive at Morgan Stanley, is managing partner, according to the person and LinkedIn profiles for both men. The fund has been testing arbitrage strategies in the markets for these new currencies, according to the person. HFMWeek reported the fund’s launch on Thursday.
Digital currencies can be used to make transactions electronically and have proliferated with the success of bitcoin, which became the first decentralized cryptocurrency in 2009. Bitcoin, the largest digital tender, this week soaredpast $4,000 for the first time on growing optimism that faster transactiontimes will hasten its spread.
Money managers have invested in blockchain -- the technology used for verifying and recording transactions -- and set up funds to speculate in the markets for the currencies.
Lewis was a portfolio manager focusing on Asian equity markets during his tenure at Harvard Management until he departed in June 2016. Prior to joining Harvard in 2014, he was a portfolio manager in Hong Kong at Segantii Capital Management. He also worked as a trader at JPMorgan Chase & Co.
Source: Bloomberg Pro Terminal
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