{"id":41220,"date":"2014-03-19T08:25:36","date_gmt":"2014-03-19T12:25:36","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41220"},"modified":"2014-03-19T08:29:00","modified_gmt":"2014-03-19T12:29:00","slug":"hedge-funds-grab-a-stake-in-bitstamp","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2014\/hedge-funds-grab-a-stake-in-bitstamp.html","title":{"rendered":"Hedge Funds Grab a Stake In Bitstamp"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-38839\" alt=\"bitcoins\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins-300x188.jpg\" width=\"300\" height=\"188\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins-300x188.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/10\/bitcoins.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; New York\u00a0private equity\u00a0firm\u00a0Fortress Investment Group and two other investors,\u00a0Benchmark Capital and Ribbit Capital,\u00a0are buying a stake in Pantera Bitcoin Partners, a San Francisco-based hedge fund operator that buys and sells virtual currencies, Reuters reports.<\/p>\n<p>Pantera\u00a0invested about $10 million in Bitstamp Ltd. months before it emerged as the world&#8217;s dominant dollar-bitcoin exchange,\u00a0<i>Bloomberg<\/i>\u00a0reported.<\/p>\n<p>The NYT reports: Pantera Capital, the parent of Pantera Bitcoin, was founded in 2003 by Dan Morehead, a veteran of the hedge fund giant Tiger Management. For most of its existence, Pantera was a macro hedge fund. But since 2011, Mr. Morehead has grown increasingly fascinated with Bitcoin, he said in an interview on Tuesday. In recent months, he said, the firm\u2019s staff of 16 has shifted its attention to work full time on investments in the virtual currency world.<\/p>\n<p>Fortress&#8217; investment comes despite the company making a small paper loss on Bitcoin last year and the recent collapse of a major exchange following a massive theft.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; New York\u00a0private equity\u00a0firm\u00a0Fortress Investment Group and two other investors,\u00a0Benchmark Capital and Ribbit Capital,\u00a0are buying a stake in Pantera Bitcoin Partners, a San Francisco-based hedge fund operator that buys and sells virtual currencies, Reuters reports. Pantera\u00a0invested about [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044,3],"tags":[],"class_list":["post-41220","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41220"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41220\/revisions"}],"predecessor-version":[{"id":41223,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41220\/revisions\/41223"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}