Cryptocurrency hedge fund JellyC merges with Trovio to attract pension fund institutions

Odaily Planet Daily News: Cryptocurrency hedge fund management companies JellyC and Trovio Asset Management have merged with the aim of attracting institutional investors such as pension funds for allocation. In an interview, company executives stated that JellyC, headquartered in Australia, will become the major shareholder of the merged company. JellyC co-founder Michael Prendiville stated that this merger will help open the door to large investors in the Asia Pacific region, ultimately including Australia's pension funds. So far, the Australian pension industry, which has a scale of 3.9 trillion Australian dollars (2.6 trillion US dollars), has been unwilling to invest funds in digital asset related investments. As Australia strengthens cryptocurrency regulation, Prendiville expects this situation to change in the coming years. Prendiville stated that the merged business aims to increase the total assets under management by 150% from current levels to AUD 250 million by mid-2026. Trovio CEO Jon Deane stated that Trovio will ultimately sell its stake in the merged business, but did not provide a timeline. (Bloomberg)