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GMO acquires 10% stake in crypto hedge fund AWR Capital

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GMO Financial Holdings, an investment firm focused on crypto and foreign-exchange margin trading businesses, has acquired a 10% stake in multi-strategy crypto hedge fund AWR Capital for an undisclosed sum, according to a report by CoinDesk.

As part of the deal, London-based AWR will become a market maker at GMO Financial Holdings subsidiary GMO Coin, one of Japan’s largest FX and digital-assets exchanges. 

In addition, AWR has appointed Phillip Gillespie as managing partner to lead its business development strategy and expand the fund’s operations. Gillespie is an algorithmic trading veteran and former CEO of crypto market maker B2C2. 
 

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