Hyla Fund Management plans to launch a new $30 million fund next year, focusing on the Latin American crypto space

Odaily News Hyla Fund Management is launching a new $30 million fund focused on the Latin American cryptocurrency space. Hyla invests in other hedge funds on behalf of clients and manages $115 million in assets. Paola Origel, CEO of Hyla, said the Latin American cryptocurrency market is still small but full of opportunities. She said crypto funds are like a bridge between traditional investors and the crypto ecosystem. The crypto space is new and growing rapidly, and some investors simply don’t have the time, resources or expertise to research the industry in depth and determine which crypto hedge funds they want to invest in. That’s where Hyla steps in. “The value of a fund of funds is access, we are jurisdiction-agnostic, so we know most of the fund managers around the world, and each manager has their own strategy. For example, some funds are completely dedicated to developing Bitcoin L2.” She said Hyla’s goal is to become the “Goldman Sachs of digital assets.” The company currently offers a variety of strategies, including its Liquid Venture Fund and its Bitcoin and Ethereum Market Neutral Income Strategy. The new Latin American fund is scheduled to launch in January 2025, which will add $30 million to Hyla’s AUM. (CoinDesk)