Despite sharp falls in the value of major cryptocurrencies, the number of hedge funds focused on trading cryptocurrencies more than doubled in the four months ending mid-February, 2018.
There are now a record 226 hedge funds trading cryptocurrencies, up from 110 in October 2017 and 37 at the start of 2017. Total assets-under-management stood at between US$3.5 billion and US$5 billion, according to fintech research firm Autonomous NEXT.
While some have described the rise of cryptocurrencies such as Bitcoin as "worse than tulip bulbs", crypto believers say that this new asset class is destined to transform finance and society. As they see it, the biggest risk for investors is missing an opportunity to get in at the start of the boom.
To discuss these issues, China Money Network is hosting an evening networking event with three panelists who are seasoned professionals in cryptocurrency investments. They will share their views on the present and future of investing in cryptocurrencies, active vs. passive investment strategies, unique challenges in crypto investing, and how to diversify in this emerging asset class.
Date: April 18, 2018
Time: 18:00 – 21:00
Venue: 7F, naked Hub, Bonham Circus, 40-44 Bonham Strand, Sheung Wan, Hong Kong
Ryan Rabaglia: Head Trader, Octagon Strategy Ltd.
Ryan Rabaglia is head trader at Octagon Strategy Ltd., the largest digital asset broker in the Asia-Pacific region. He has over 16 years of financial trading experience across various major product spaces, including equities, commodities and FX. Prior to joining Octagon, he built his own proprietary trading firm in New York, as well as traded at a multinational oil company in Hong Kong.
Michael Wu: Founder, Amber AI
Michael Wu is founder and CEO of Amber AI, a fintech firm that focuses on applying machine learning/AI into trading. In 2017, the company started trading crypto assets and quickly developed its crypto trading business into monthly turnover of over US$1 billion. By combining machine learning with sophisticated quantitative research, Amber AI aims to continuously identify and deploy best-in-class scalable systematic strategies across all asset classes. Wu graduated Magna Cum Laude with an Economics degree from Dartmouth College.
Jianbo Wang: Chief Investment Officer, CYBEX
Jianbo Wang is chief investment officer of CYBEX, a decentralized crypto-asset exchange. Wang is formerly Director of ETF and China Risk trading at Deutsche Bank Asia, Vice President of ETF and Equity derivatives trading at Citigroup Asia, Vice President of Equity derivatives proprietary trading at Credit Suisse. Jianbo is familiar with global financial markets and derivatives trading and has a deep understanding of ETF and other innovative financial products. He received both a B.S. and a M.S. in Electrical Engineering from Stanford University.
China Money Network: Managing Editor, Nina Xiang
Nina Xiang is founder of China Money Network, a leading bilingual media intelligence portal on China’s financial and tech sectors. She has over ten years of financial journalism experience, having previously worked at Bloomberg BusinessWeek, Euromoney Institutional Investor, China Business Network and China Radio International. She is a member of the World Economic Forum’s expert network.
18:00-18:20: Guest Check-In
18:20-19:10: Panel Discussion
19:10-19:30: Open Q&A
– Where are we in the crypto investment cycle?
– Why should investors invest in crypto funds?
– What kind of roles will cryptocurrencies play in the financial market in the future?
– How should investors diversify when investing in crypto? Bitcoin vs. altcoins vs. tokens?
– What are the pros and cons of passive vs. active investment?
– What are the unique challenges in crypto investments? How to mitigate risks of loss of private keys, funds being stolen, or hacks?
HOW TO GET TO NAKED HUB:
If taking the MTR, go to Sheung Wan station and exit from Exit A2, walk for one minute toward Bonham Strand street, and you will see the sign and entrance of naked Hub
If walking from central, walk along Queen’s Road Central in front of The Center, walk down toward Bonham Strand and you will see naked Hub entrance