Syz Group will collaborate with CMCC Global to launch a cryptocurrency fund with a scale of at least 50 million dollars

ChainCatcher news, Swiss Syz Group will collaborate with Hong Kong venture capital firm CMCC Global to launch a fund with a scale of at least $50 million, investing in cryptocurrency-focused hedge funds.

Syz Capital Managing Partner Richard Byworth stated that SyzCrest Digital will begin operations on July 1, with a final goal of raising up to $300 million. Willy Woo, who manages a quantitative research-driven fund for CMCC, will join the newly registered company in the Cayman Islands as a member of the investment committee. (source link)