The asset management industry has been following a path of consolidation towards bigger corporate structures during the last 10 years. The hedge fund industry, in particular, has developed into a more standardized and regulated sector. High setup costs and requirements of a minimum 50 Million US Dollars or even much bigger initial Assets Under Management (AUM), automatically exclude the smaller players from the market. Reason behind such high minimum AUM requirements are high costs of providing Prime Broker services to funds: costs like Net Assets Value (NAV) estimate, collateral accounts, management company costs, legal and advisory costs. Furthermore, investment funds and management companies are in most cases no more than P.O. Boxes; by this we mean that they do not actually employ anyone, they are just offshore corporate structures.
⌛️ .@RigoBlock's ICO starts in 5 days!
Following the first round of airdrop release, people who passed the whitelisting process received their free tokens
If you too want to use the first protocol for asset management, sign up before Dec 18: https://t.co/WdBWvXAdaK
With the maturing of the #technology, we believe common standards will emerge, allowing projects to focus on what they do best, and integrate external services smoothly.
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