UK-based hedge fund Man Group has integrated Bitcoin and Ether into its systematic strategies following extensive research and risk mitigation studies. Tarek Abou Zeid, Partner and Senior Client Portfolio Manager in Man AHL, spoke about the price action of cryptocurrencies and NFTs at the firm's Unconventional Investing Conference, noting that cryptocurrencies have behaved differently with drawdowns always being followed by recoveries. However, positions on cryptocurrencies have become entrenched, leaving little room for nuanced discussion of their benefits and detriments. The article also references Walter Benjamin's 1935 essay on the power of the original work of art, which can be applied to the divide between NFTs and cryptocurrencies and their use of blockchain technology. Cryptocurrencies offer diversification and are increasingly of interest to institutional investors.
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