Cryptocurrencies
Goldman Sachs Alum's Crypto Fund Expands Even as Markets Tumble
- BlockTower Capital adds employees, opens New York office
- Almost 100 hedge funds have opened this year, researcher says
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Cryptocurrency hedge funds refuse to give up on the bruised market as firms continue to open and some of the more established ones expand.
BlockTower Capital, co-founded a year ago by former Goldman Sachs investment manager Matthew Goetz, expanded its staff this year and opened a second office amid the rout in digital assets, according to a person familiar with the firm. The hedge fund, with headquarters in Stamford, Connecticut, last month opened a second office in New York and now employs 13 people, up from around eight at the start of 2018, the person said.