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Neuberger Berman is interested in Bitcoin (BTC)

Thu 12 Aug 2021 ▪ 17h17 ▪ 2 min read — by Adrien Stefanini

Neuberger Berman, a private, independent investment management company, has applied to the US Securities and Exchange Commission (SEC) for the launch of a commodities-focused fund. The reason for the initiative is the firm’s desire to gain access to investments in digital assets.

Source of income

According to Beincrypto, Neuberger Berman intends to use cryptocurrencies and their derivatives as a hedge against inflation. Moreover, the company believes that the price movements of digital assets will not only help them diversify their portfolio, but could also become an additional source of income for the firm.

Some time ago, in March this year, Neuberger Berman already shared its attitude towards crypto assets with the world. The company believes that the “Bitcoin phenomenon” deserves close attention, and that holders who are exposed to risk should understand the speculative nature of their investments and, even despite potential windfall gains, remain prepared to part with a significant portion of their cryptocurrency investment.

Forthcoming sale

At this stage, Neuberger Berman has filed a Form D with the SEC, the essence of which is a statement of the financial institution’s intention to hedge the risks associated with the volatility of cryptocurrencies. The fund is yet to conduct an asset sale. Any outside investor willing to contribute at least $5 million (~£3.6 million) will be able to participate in the round.

Neuberger Berman is interested in the possibility of using crypto assets for its further operations. The company intends to receive investments and make additional profit through the ownership of cryptocurrencies and, in particular, Bitcoin.

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Adrien Stefanini avatar
Adrien Stefanini

Ingénieur de formation, et spécialisé dans les nouvelles technologies, je me suis toujours intéressé à la blockchain et aux cryptomonnaies. Je suis heureux de faire partie de l'équipe CoinTribune.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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