By Alex Dovbnya. March 29, 2021. (U.Today).
Volatility hedge fund One River Asset Management has hired Jay Clayton, the ex-chairman of the Securities and Exchange Commission, as a cryptocurrency advisor.
In a Bloomberg interview, Clayton expressed his astonishment over how fast cryptocurrencies ended up being embraced by big-name investors:
Three years ago, I didn’t believe we would be where we are today—the number of respected investors who have embraced digital assets. I would not have predicted this level of take-up.
As reported by U.Today, One River—which is primarily known for its volatility strategies that brought it hefty profits during the pandemic-induced market collapse—entered the crypto scene in late 2020.