Hyla Fund Management plans to launch a new $30 million fund next year, focusing on the Latin American cryptocurrency sector

2024-11-14 14:59:08

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ChainCatcher news, Hyla Fund Management is launching a new fund with a size of $30 million, focusing on the cryptocurrency sector in Latin America. Hyla represents clients investing in other hedge funds, managing $115 million in assets.

Hyla CEO Paola Origel stated that the Latin American cryptocurrency market is still small but full of opportunities. She mentioned that crypto funds act as a bridge between traditional investors and the crypto ecosystem. The crypto space is an emerging field and is developing rapidly, with some investors lacking the time, resources, or expertise to delve into the industry and determine which crypto hedge funds they want to invest in. This is where Hyla comes in.

She also stated that Hyla aims to become "the Goldman Sachs of the digital asset space." The company currently offers a variety of strategies, including its liquidity risk investment fund and market-neutral return strategies in Bitcoin and Ethereum. The new Latin American fund is scheduled to launch in January 2025, which will increase Hyla's assets under management by $30 million.

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