CoinShares, a prominent European cryptocurrency asset manager, is set to acquire London-based Bastion Asset Management in a strategic move to enhance its portfolio of actively managed investment products. The source notes that this acquisition is pending approval from the UK's Financial Conduct Authority (FCA).
Bastion Asset Management Joins CoinShares
Bastion Asset Management is known for its expertise in systematic and quantitative trading within the digital asset space. The integration of Bastion into CoinShares will encompass its team, trading strategies, and technological capabilities, further solidifying CoinShares' position in the market.
Expansion Plans in the United States
With approximately $10 billion in assets under management, CoinShares is looking to bolster its presence in the United States through this acquisition. The focus will be on developing actively managed funds that aim to outperform traditional market benchmarks.
CEO's Confidence in Innovative Strategies
CoinShares CEO Jean-Marie Mognetti has expressed strong confidence in Bastion's innovative strategies and expertise, which he believes will significantly contribute to the firm's growth and its ability to attract institutional clients.
