As cryptocurrency markets failed to claw back gains last week, asset manager Schroders picked up a stake in the crypto-focused fund manager Forteus. The move underscores the divergent bets on the future of the investment management sector.
Peter Harrison, chief executive of the FTSE 100-listed asset manager that oversees £731bn in assets, said the deal was meant to address growing investor demand for personalised, tangible investments as interest in traditional assets decline.
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