Meet the Ex-Banker Using Ethereum to Take On Traditional Hedge Funds


In the world of hedge funds, the old adage really is true: you have to have money to make money.

The barrier to entry for an individual investor is frequently $500,000, with portfolio managers themselves needing as much as $200m just to get started. But the potential rewards are equally large.

It was a tough lesson to learn for Mona El Isa, a former Goldman Sachs vice president, who after being selected as a member of Forbes 30 Under 30 and raising $30m for her own fund, found herself surprisingly under-prepared to compete against other much more heavily capitalized firms.

Dismayed by a competitive environment that favored those who already had vast fortunes, El Isa ceased her fund’s operation and took year off to study blockchain, a distributed ledger she believed had the power to level the hedge fund playing field by lowering the barrier to entry and lessening regulatory burdens.

Today, the ethereum-based hedge fund platform she founded as a result of that sabbatical is announcing the hire of George Hallam, the Ethereum Foundation’s former head of external communications to help bridge the gap between hedge fund demand and blockchain technology.

El Isa told

Read more ... source: CoinDesk

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