Bitwise Expands To Active Strategies; Announces Hiring of Industry-Leading Alternatives Team
Bitwise Asset Management, the world’s largest crypto index fund manager, today announced one of the most significant enhancements to the firm’s capabilities since its founding in 2017: the creation of Bitwise’s actively managed crypto strategies
NEW YORK--(BUSINESS WIRE)--Nov 1, 2022--
Bitwise Asset Management, the world’s largest crypto index fund manager, today announced one of the most significant enhancements to the firm’s capabilities since its founding in 2017: the creation of Bitwise’s actively managed crypto strategies. The expansion into active strategies marks an important milestone for Bitwise, whose suite of more than 15 crypto solutions includes the world’s first and largest crypto index fund, along with strategies spanning Bitcoin, Ethereum, DeFi, NFTs, Web3, crypto equities, and the Metaverse.
Bitwise’s move to add active strategies is being driven by fast-growing institutional demand for liquid crypto strategies. The company’s active team will be led by a newly assembled team of experts, headed by Jeffrey Park, CFA. Park, who brings nearly a decade of experience as a crypto investor, was most recently a partner at alternatives manager Corbin Capital, where he spearheaded the firm’s earliest investments into digital assets. Prior to that, Park held roles at Harvard Management Company and Morgan Stanley, specializing in fixed income and exotic derivatives.
Joining Park is Vincent Molino, who will head operational due diligence for Bitwise’s active solutions. Molino led and supported due diligence efforts for more than a decade at institutions including Northern Trust, Mercer, and EnTrustPermal. In addition, Denny Peng has joined the team from multi-strategy hedge fund complex Millennium Management and will serve as risk manager.
