Hyla Fund Management is launching a new $30 million fund focused on the Latin American crypto space. Hyla invests in other hedge funds on behalf of clients and manages $115 million in assets.
Hyla CEO Paola Origel said the Latin American crypto market is still small but full of opportunity. She said crypto funds are like a bridge between traditional investors and the crypto ecosystem. Crypto is a new space and is growing rapidly, and some investors simply don’t have the time, resources or expertise to research the industry in depth and determine which crypto hedge funds they want to invest in. That’s where Hyla steps in.
“The value of a fund of funds is access, we are jurisdiction-agnostic, so we know most of the fund managers around the world, and each manager has their own strategy. For example, some funds are completely dedicated to developing Bitcoin L2.”
Hyla’s goal, she said, is to be “the Goldman Sachs of digital assets.” The company currently offers a variety of strategies, including its Liquid Venture Fund and its Bitcoin and Ethereum Market Neutral Income strategies. The new Latin American fund, scheduled to launch in January 2025, will add $30 million to Hyla’s AUM. (CoinDesk)