CoinVoice has learned that Hyla Fund Management is launching a new $30 million fund focused on the Latin American cryptocurrency sector. Hyla invests in other hedge funds on behalf of clients and manages $115 million in assets.
Paola Origel, CEO of Hyla, said the Latin American cryptocurrency market is still small but full of opportunities. She said crypto funds are like a bridge between traditional investors and the crypto ecosystem. The crypto space is a new and rapidly developing field, and some investors simply do not have the time, resources or expertise to deeply research the industry and determine which crypto hedge funds they want to invest in. This is where Hyla steps in.
She also said Hyla aims to become the "Goldman Sachs of digital assets." The company currently offers a variety of strategies, including its Liquid Venture Fund and its Bitcoin and Ethereum market neutral income strategies. The new Latin American fund is scheduled to launch in January 2025, which will add $30 million to Hyla's assets under management. [Original link]