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Crypto gains favour with hedge funds new and old


Crypto gains favour with hedge funds new and old
Crypto hedge funds’ assets under management (AuM) almost doubled during 2020 and are set to increase further this year with a number of firms predicting that the price of bitcoin will break the $100,000 (€81,710) mark before the end of the year.
Through the course of 2020, crypto hedge funds’ AuM increased from from $2 billion to $3.8 billion, according to the Global Crypto Hedge Fund Report 2021 jointly published by PwC, Elwood Asset Management and the Alternative Investment Management Association.
The study also found that traditional hedge funds became more interested in cryptocurrencies during 2020.
Almost a fifth (21%) of the surveyed non-crypto hedge funds are invested in the asset class with the average allocation recorded as 3% of portfolios. Furthermore, 86% of those firms plan to increase their allocation before the end of the year. ....

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Neptune Rum has a shot at global market with 50 per cent sale -


Neptune Rum has a shot at global market with 50 per cent sale
Gloucestershire-based spirit-maker Neptune Rum says the sale of 50 per cent of its business to Babco UK is a springboard to a global market.
Neptune Rum sells 50 per cent of its business
Owners of Cheltenham-based Neptune Rum say the sale of 50 per cent of their business gives them a good shot at reaching the global market its product deserves.
James Strickland and his business partner Raymond Pugh revealed they bought the business and its assets of the brand from the administrator, KRE Corporate Recovery, in June last year.
Since its launch in 2017 Neptune Rum, which is made with pot and column still rums, and aged in American Bourbon oak casks, has grown 384 per cent and already captured numerous awards. ....

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Neptune Rum sells 50% stake


Neptune Rum sells 50% stake
11th February, 2021 by Nicola Carruthers
Spirits producer Babco UK has purchased a 50% stake in Neptune Rum in a bid to establish the brand globally.
Neptune Rum plans to release five new products in 2021
Launched in 2017, Neptune Rum is made with pot and column still rums, and aged in American Bourbon oak casks. The brand has grown by 384% to date, the company said.
James Strickland, CEO of Neptune Rum, said: “We are excited by Babco UK’s investment in Neptune Rum. We are so passionate about quality, sustainability and supporting ocean clean-up initiatives, which is something Babco shares. ....

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